Bank card refers to an approved credit payment tool issued by commercial banks (including postal financial institutions) to the society, which has all or part of the functions of consumer credit, transfer settlement and cash deposit and withdrawal. The bank card reduces the circulation of cash and checks, which makes the banking business break through the limitation of time and space and bring about fundamental changes. With the application of bank card automatic settlement system, the dream of "no cheque, no cash society" has become a reality.
Transfer settlement, also known as "non-cash settlement" and "transfer settlement", refers to the payment of money from the payer's account to the payee's account in monetary form, rather than cash settlement. It is mainly used for currency receipt and payment between units due to commodity trading, labor supply and fund allocation. Transfer settlement is a form of monetary settlement. It can be divided into two categories: settlement in the same city and settlement in different places. It is characterized in that on the basis of bank credit, taking deposit account as the condition, bank credit receipt and payment replaces cash flow.
Deposits are accounts opened by banks for various units by absorbing external funds. It is the center of national bank settlement. Idle funds of enterprises, institutions, organs, organizations, military units and schools must be deposited in banks according to regulations, bank deposit accounts should be opened, and settlement, credit and cash receipts and payments should be handled.
Under the condition of commodity economy, monetary settlement is a monetary receipt and payment behavior caused by economic activities such as commodity trading, labor supply and fund distribution between economic units. According to different payment methods, settlement can be divided into cash settlement, bill transfer and transfer settlement, referred to as settlement.
A commercial bank is a kind of bank, and it is a financial institution that undertakes credit intermediary through deposits, loans, remittances, savings and other businesses. Its main business scope is to absorb public deposits, issue loans and discount bills. Most commercial banks have no right to issue money, and the traditional business of commercial banks is mainly deposit and loan business.