Plastic Cards for Fund Transfer

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The answer to the question is "None of these." The question describes a method of transferring funds between bank accounts using specially coded plastic cards. This method is known as Electronic Funds Transfer (EFT).

Credit cards and debit cards are both plastic cards that can be used to make purchases, but they do not use EFT to transfer funds between bank accounts. Instead, credit cards allow the user to borrow money from a credit card company and pay it back over time with interest. Debit cards, on the other hand, allow the user to spend money that is already in their bank account.

An Automated Teller Machine (ATM) is a machine that allows bank customers to withdraw cash, check their account balance, and make deposits. While an ATM can be used to transfer funds between accounts, it does not involve the use of specially coded plastic cards.

EFT is a secure and efficient method of transferring funds between bank accounts. It can be used for a variety of transactions, including paying bills, making purchases, and sending money to friends and family. EFT transactions can be initiated online, over the phone, or in person at a bank or other financial institution.