cashcard
Definition
Noun: A plastic card, typically issued by a bank, that allows the holder to withdraw cash from automated teller machines (ATMs) or to make other authorized transactions, often linked directly to a bank account.
Usage
A cashcard is used for electronic access to one's own funds. It is inserted or tapped at an ATM or point-of-sale terminal to complete a transaction. The primary function is cash withdrawal.
Examples
- I used my cashcard to get money from the machine.
- Don't forget your PIN; you need it to use your cashcard.
- The bank will send you a new cashcard when your old one expires.
Advanced Usage
- The term can sometimes be used generically for any card providing access to cash, though it is distinct from a credit card which provides a line of credit.
- In some contexts, "cashcard" may refer specifically to a stored-value card, not directly linked to a bank account.
Variants and Related Words
- ATM card: A more specific term for a card used primarily at Automated Teller Machines.
- Debit card: A card that directly deducts funds from a bank account, usable for both cash withdrawals and purchases. Often synonymous with a modern cashcard.
- Bank card: A general term for any card issued by a bank.
Synonyms
- ATM card
- Bank card (in the context of cash access)
Related Phrases
- To withdraw cash: The primary action performed with a cashcard.
- To enter a PIN: The security step required to use a cashcard.
Noun
-
a credit card that entitles the holder to receive cash
