Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
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Debit Card
A plastic card magnetically coded on the back, issued by your bank to you, that allows you to access your own money from your personal checking account or savings account electronically at an * ATM, or to make purchases, withdrawals, or other types of electronic fund transfers with the entry of your personal identification number (PIN).
Glossary For This Page
(In Alphabetical Order)
* ATM
ATM stands for Automated Teller Machine. An ATM is an unattended, self-service electronic machine located on bank premises or elsewhere, through which you, the customer of a financial institution, may make deposits, withdrawals, or other transactions as you would through a bank teller person inside the bank. Convenient anywhere and at anytime by using a Debit Card or ATM Card issued by your bank with the entry of your personal identification number (PIN). More about ATM
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