(Britain, banking) A small plastic card issued by a bank or similar which is a guarantee of payment of cheques written by the cardholder (up to a specified maximum amount).
2009 25 September, “Industry to close cheque card system”, CompareAndSave.com:
Banks have decided to end cheque guarantee card payments from July 2011. / The 24 members of the current cheque card system said that they had made the move in order to reflect consumer trends, with the popularity of the payment method in "terminal decline".
(South Africa, banking) A card issued by a bank or similar which behaves like a credit card but is in fact a type of debit card.