debit card
Defined in 2 places of the United States Code.
Debit card.—The term "debit card" means any card issued by a financial institution to a consumer for use in initiating an electronic fund transfer from the account of the consumer at such financial institution, for the purpose of transferring money between accounts or obtaining money, property, labor, or services.
Source
- 2003–202015 U.S.C. § 1681ACommerce and Trade · Definitions; rules of construction · in this section
The term “debit card”—
(A) means any card, or other payment code or device, issued or approved for use through a payment card network to debit an asset account (regardless of the purpose for which the account is established), whether authorization is based on signature, PIN, or other means;
(B) includes a general-use prepaid card, as that term is defined in section 1693l–1(a)(2)(A) of this title; and
(C) does not include paper checks.
Source
- 2026–present15 U.S.C. § 1693o-2Commerce and Trade · Reasonable fees and rules for payment card transactions · for purposes of this section
The term “debit card”—
(A) means any card, or other payment code or device, issued or approved for use through a payment card network to debit an asset account (regardless of the purpose for which the account is established), whether authorization is based on signature, PIN, or other means;
(B) includes a general-use prepaid card, as that term is defined in section 1693l–1(a)(2)(A) of this title; and
(C) does not include paper checks.
Source
- 2010–202615 U.S.C. § 1693o-2Commerce and Trade · Reasonable fees and rules for payment card transactions · for purposes of this section
The term “debit card” means any card issued by a financial institution to a consumer for use in initiating an electronic fund transfer from the account of the consumer at such financial institution, for the purpose of transferring money between accounts or obtaining money, property, labor, or services.
Source
- 2014–present15 U.S.C. § 1681ACommerce and Trade · Definitions; rules of construction · in this section