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Difference between cheques, bankers' cards,credit card?

Help on English vocab, including idioms, slang and sayings

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Difference between cheques, bankers' cards,credit card?

Postby Tuan » Wed Apr 07, 2010 3:52 am

Dear all.
I've read following text, I saw a few words "cheques, bankers' cards, credit card".
What is the difference between them
? I havn't understood.
If someone know, please help me.
I'm expecting for your reply.
Your sincerely
Tuan

===============================================
MONEY
.................
A coins is a piece of metal, usually disc-shaped, which bears lettering, designs or numbers showing its value. Until the eighteenth and nineteenth centuries coins were given monetary worth based on the exact amount of metal contained in them, but most modern coins are based on face value, the value that governments choose to give them, irrespective of the actual metal content. Coins have been made of gold (Au), silver (Ag), copper (Cu), aluminium (Al), nickel (Ni), lead (Pb), zinc (Zn), plastic, and in China even from pressed tea leaves. Most governments now issue paper money in the form of notes, which are really “promises to pay”. Paper money is obviously easier to handle and much more convenient in the modern world. Cheques, bankers' cards, and credit cards are being used increasingly and it is possible to imagine a world where "money" in the form of coins and paper currency will no longer be used. Even today, in the United States, many places — especially filling stations — will not accept cash at night for security reasons.
Tuan
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Re: Difference between cheques, bankers' cards,credit card?

Postby salerno » Thu Apr 08, 2010 6:43 am

"Cheques" are also called "Checks" in some areas. Basically it's a paper form of payment-you would write who you are paying on it and the amount you are paying. It has your bank account information on it and whoever you are paying would be able to take it to their bank and receive the money.

Bankers' cards I am assuming are the same as what we call "debit cards" in my area-and it's just a payment card that is linked to your bank account so you can use it when making purchases and the money comes directly out of your bank account.

Credit Cards are cards you can use to purchase items and you do not need to pay for the items right then and there, instead you have to pay the money later-usually every month, you will make a payment which will go towards the balance that you owe on your card.

I hope this isn't too confusing.
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