Should be stored carefully on your person and never lent out or given away. Specific terms, conditions and guidelines for use should be discussed with your particular Bank. Credit Card Plastic card issued by a company, usually in conjunction with a bank, which allows you to pay for goods and services at most commercial institutions instead of cash upto a certain preset limit. If you present a card at an institution which accepts that particular card, the money due is charged to your credit card account. The credit card company sends you a bill listing all the purchases you made with your card during a billing cycle.
Interest is charged on any outstanding bills.
The penalties for credit card fraud are extremely high in the United States. Wire Transfers Mechanism for transferring money from an account in one bank to an account in another via telegraph. Operates worldwide through virtually all banks and is generally faster than sending a cheque. However, you can often pay fees for making the transfer. All wire transfers in the US go through the relevant Federal Reserve Bank and are then routed to your bank through a network of banks, unless your bank is large enough to have a direct wire-transfer facility with the Fed.