We've provided simple definitions for industry jargon. If you can't find the term you need in our Top 20 list, click on the first letter of the word or phrase from the alphabet below.
Other accounts C terms:
- Cash machine
The same as a cash dispenser or ATM. You can use them to withdraw cash and check your daily balance. Some allow you to print a mini statement and change your PIN.
A service offered by most supermarkets and some pubs. It allows you to withdraw cash from your current account when you shop using your debit card. The total amount - the cost of your shopping or drinks plus the cash - is deducted from your current account.
Issued by your bank branch in your name - or you and your partner's name if you have a joint account - and used to pay bills or withdraw cash from your current account.
- Chip and PIN
A new way of paying with credit, debit and charge cards in the UK that's designed to cut the cost of card fraud. When you use your card to pay for goods at shops, restaurants, petrol stations etc, you'll enter a four-digit personal identification number (PIN) into keypads at the checkout instead of signing to authorise the transaction.
The process of presenting cheques to the drawer's bank for payment. For example, if a friend writes you a cheque, you pay it into your account. Your bank then sends it to your friend's bank, which decides if it will honour it. It should do if your friend has enough money in the account. If the cheque is returned unpaid, you will be advised by post. The process takes several days, which is why payments into your account may take a while to show up on statements.
- Connect card
The name of your Barclays Bank debit card. You can use it to withdraw money from cash machines and pay for things in shops and other outlets.
- Continuous authority
A method of payment in which you agree to have certain amounts debited from your credit/charge/debit cards on an ongoing basis to pay for goods and services.