Warm Card

AAA

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 TERMS
  1. Cash Card

    A cash card can be any card that you can insert into an ATM or ...
  2. Secured Credit Card

    A type of credit card that is backed by a savings account used ...
  3. Offline Debit Card

    A card that combines characteristics of both a traditional (online) ...
  4. Niche Banks

    Banks that cater to and serve the needs of a certain demographic ...
  5. Automated Teller Machine - ATM

    An electronic banking outlet, which allows customers to complete ...
  6. Bank Card

    Any card issued against a depositary account, such as an ATM ...
Related Articles
  1. Credit, Debit And Charge: Sizing Up ...
    Credit & Loans

    Credit, Debit And Charge: Sizing Up ...

  2. Debit Card Fraud: Is Your Money At Risk?
    Credit & Loans

    Debit Card Fraud: Is Your Money At Risk?

  3. How Credit Cards Built A Plastic Empire
    Credit & Loans

    How Credit Cards Built A Plastic Empire

  4. The Pros And Cons Of Small Business ...
    Entrepreneurship

    The Pros And Cons Of Small Business ...

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center