A payment card issued by a financial institution, usually a bank, to its account holders. It is linked directly to the cardholder's checking account or savings account, allowing them to access their funds electronically for various financial transactions. Transfer cards offer a convenient and secure way to make purchases and conduct other financial activities without the need for physical currency.

Key features of a transfer card include:

 

• Cardholder's Name: The card bears the name of the account holder to whom it is issued.

​

• Card Number: A unique 20-digit card number is printed on the front of the card, serving as its primary identification.

​

• Crystal Chip: Transfer cards usually have a crystal chip on the front, enabling transactions at point-of-sale (POS) scanners.