What is a cheque guarantee card?
If you’re paying for things with a cheque, you’ll probably be asked for a cheque guarantee card. This means the bank will normally pay your cheque up to the amount guaranteed – you’ll find this amount printed on your card. What is a cash card? This lets you take out money from a cash machine. To use it, you’ll need a Personal Identification Number (or PIN) which your bank sends you. Each time you use your card at a cash machine, you’ll need to key in this number, but make sure you never write it down. What is a debit card? You can use a debit card to buy goods and services. A debit card is very much like a cheque, unlike a credit card, you pay for goods straight away and the money comes out of your account quickly. Most debit cards have a SWITCH/DELTA/SOLO/ELECTRON symbol on them. What is a combined cheque guarantee/debit card/cash card? You can use this card for two things: to guarantee the payment of cheques, and to pay for goods and services. It normally has a SWITCH/DELTA/SOLO/ELEC
