The Settlement Pass Card has all the functions of an ordinary debit card, and it also has the function of transferring money across regions free of handling fees;
The main function of a savings card is to save deposits, and cardholders can realize the functions of swiping the card to consume, withdrawing cash from ATMs, transferring money, and various kinds of bill payments through the electronic payment network set up by the bank and the magnetic stripe reading and manual password inputting that the card has.
Savings card is a kind of financial transaction card issued by the bank to provide financial services for depositors, which belongs to a kind of debit card. There are two types: magnetic stripe and chip. Its main function is that it can be used to make deposits and withdrawals at networked ATMs and bank counters and to make purchases at networked POS.
The main role of the savings card is to save deposits, the cardholder through the electronic payment network established by the bank and the card has a magnetic stripe read-in and manual password input, can realize the card consumption, ATM withdrawals, transfers, various types of payment and other functions, through the card for the cost of expenses is equal to the reduction of the balance of the savings account. When the account balance is zero, the card's payment function is also reduced to zero. The application for a savings card is very simple and does not require approval by the bank, and can generally be realized as soon as the card is issued and withdrawn.