0 a small plastic card that you sometimes show when you pay for something by cheque as proof that your bank will pay the money you owe
1 → cheque card
Historically, bank cards have also served the purpose of a cheque guarantee card, a now almost defunct system to guarantee cheques at point of sale.
A cheque guarantee card, after all, is cash.
It is a matter for a bank's commercial judgment whether it offers its customer a package which includes a combined credit and cheque guarantee card.
The only circumstance in which they could be so would be if a cheque guarantee card made a pre-existing relationship.
I should have thought that the minimum intervention which might be required would be to restore the cheque guarantee card to its original real level.
The banks do not want to increase the limit because if a cheque guarantee card is stolen they would have to honour £100 instead of £50.
When such cards have been utilised by banks and building societies, they have proved to be tremendously successful in reducing credit card and cheque guarantee card fraud.
They usually had to be accompanied by a cheque guarantee card in order to be accepted in payment at a point of sale.
