Can a personal savings card accept dollars directly?

Hello, personal savings cards can't accept dollars directly.

Savings card is a kind of financial transaction card issued by the bank to provide financial services for depositors, which belongs to a kind of debit card. There are two kinds: magnetic stripe and chip. Its main function is to deposit and withdraw money at networked ATMs and bank counters and spend it at networked POS machines.

The main function of a savings card is to save deposits. Cardholders can read and manually enter passwords through the electronic payment network established by the bank and the magnetic stripe of the card, so as to realize the functions of credit card consumption, ATM withdrawal, transfer and various payments. The expenses incurred through the card are equal to the decrease in the balance of the savings account. If the account balance is zero, the payment function of the card will also be reduced to zero. The application for a savings card is very simple, and you can get it right away without bank approval.

: 1. What is the dollar?

The US dollar is the legal tender of the United States of America, El Salvador, Panama, Ecuador, democracy, East Timor, Marshall Islands, Micronesia (Federated States of), Kiribati and Palau. Dollar banknotes in circulation are various versions of banknotes issued since 1929.

After the passage of the American mint law, it came out in 1792. The issuance of dollars is controlled by the Federal Reserve system. The United States began to establish a federal reserve system and issue federal reserve bonds from 19 13. More than 99% of the banknotes in circulation are Federal Reserve banknotes.

Second, the business scope of the savings card

Savings ATM service

ATM (Automatic Teller Machine) is a service means and tool provided by savings for depositors. It is also a self-service bank for depositors to achieve self-service; It is the crystallization of modern communication technology, computer technology and banking services. Can provide depositors with deposit and withdrawal, account inquiry, personal password modification and other functions.

Savings POS business

Savings POS business: it is a consumer service tool to promote the realization of electronic money for depositors, reduce cash flow and reduce the labor intensity of merchants. In shopping malls, hotels, entertainment places and public service places with POS terminals in the bank card network, savings card users can use their accounts for consumption without cash. There is no amount limit for consumption and payment, and there is no handling fee. But the account can't be overdrawn. In addition, savings also opened mobile payment business and telephone wallet payment services, which are convenient and flexible. It is more convenient to pay 24 hours anytime, anywhere.