Warm Card
Definition of 'Warm Card'A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the card allows for making deposits to the account but not withdrawals. |
|
Investopedia explains 'Warm Card'The use of warm cards provides business owners with greater banking security. Employees who must make bank deposits can be given warm cards that allow them only the access needed to complete their duties. Employees are prevented from making withdrawals, limiting their ability to steal funds from the company. |
Related Definitions
Articles Of Interest
-
Debit Card Fraud: Is Your Money At Risk?
As criminals are becoming more savvy, your money is becoming more vulnerable. -
Credit, Debit And Charge: Sizing Up The Cards In Your Wallet
Not all plastic is equal! Learn the difference between the three kinds, and how each can affect your finances. -
How Credit Cards Built A Plastic Empire
A decade before Mastercard or Visa existed, the first credit card company was introduced. -
The Pros And Cons Of Small Business Credit Cards
Business owners have many financial tools at their disposal. Should a credit card be one of them? -
5 ATM Scams That Can Break The Bank
Don't get scorched by ATM thieves who want to burn a hole in your wallet. -
Retail Banking Vs. Corporate Banking
Retail banking refers to the division of a bank that deals directly with retail customers. Also known as consumer banking or personal banking, retail banking is the visible face of banking to ... -
Introduction To Commercial Paper
Commercial paper is a short-term instrument that can be a viable alternative for retail fixed-income investors looking for a better rate of return on their money. -
The Role of Commercial Banks in the Economy
We interact with commercial banks daily to carry out simple financial tasks. That said, the function and creation of a commercial bank is anything but simple. -
Banker's Acceptance 101
A banker's acceptance, a common way of financing international trade activity, provides a relatively safe, short-term vehicle for investors. An acceptance is a negotiable time draft that a bank ... -
Financial Career Options For Professionals
Find out if spreading your wings to try a new career will make you soar or fall flat.
Free Annual Reports