Warm Card Law and Legal Definition
Warm Card is a type of ATM card that allows the bearer restricted access to a business account. With Warm card, one can make deposits to the account but, cannot withdraw money. The use of warm cards provides business owners with greater banking security. Employees who must make bank deposits can be given warm cards that allow them only the access needed to complete their duties. Employees are prevented from making withdrawals, limiting their ability to steal funds from the company.
