Features and Access
All transactional accounts offer itemized lists of all financial transactions, either through a bank statement or a passbook. A transactional account allows the account holder to make or receive payments by:
- ATM cards (withdraw cash at any Automated Teller Machine)
- debit card (cashless direct payment at a store or merchant)
- cash money (coins and banknotes)
- cheque and money order (paper instruction to pay)
- direct debit (pre-authorized debit)
- Electronic funds transfers (transfer funds electronically to another account)
- giro (funds transfer, direct deposit)
- standing order (automatic funds transfer)
- SWIFT: International account to account transfer.
- Online banking (transfer funds directly to another person via internet banking facility)
Read more about this topic: Transactional Account
Famous quotes containing the words features and/or access:
““It looks as if
Some pallid thing had squashed its features flat
And its eyes shut with overeagerness
To see what people found so interesting
In one another, and had gone to sleep
Of its own stupid lack of understanding,
Or broken its white neck of mushroom stuff
Short off, and died against the windowpane.””
—Robert Frost (1874–1963)
“Lesbian existence comprises both the breaking of a taboo and the rejection of a compulsory way of life. It is also a direct or indirect attack on the male right of access to women.”
—Adrienne Rich (b. 1929)