Banking Device
/ˈbæŋkɪŋ dɪˌvaɪs/
Definitions
- (n.) An electronic or mechanical device used to access financial accounts for transactions such as withdrawals, deposits, or transfers, including ATMs and point-of-sale terminals.
She used the banking device to deposit a check at the ATM.
Forms
- banking device
- banking devices
Related terms
See also
Commentary
The term 'banking device' often appears in regulatory contexts governing electronic transactions; clarity about the device's function helps define scope of applicable laws.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.