What is considered an Access Device in electronic funds transfers?

An Access Device in the context of electronic funds transfers refers to any code, card, or other means that allows an individual to access a financial account. This definition encompasses a variety of tools used in transactions, such as debit cards and credit cards, which enable users to withdraw funds or access their accounts electronically. The purpose of an Access Device is to provide secure and authorized access to financial resources.

In this context, options like a cash withdrawal receipt, a personal identification number (PIN), or a bank statement do not qualify as Access Devices. A cash withdrawal receipt merely serves as documentation of a transaction that has already occurred and does not enable future access. A PIN, while essential for verifying identity and authorizing transactions, is not classified as an Access Device on its own because it requires a physical card to function as a complete access mechanism. A bank statement, on the other hand, is simply a record of account activity and balances and does not provide direct access to funds or accounts.

Thus, the correct answer signifies the broad category of tools that facilitate electronic access and transactions, in alignment with industry definitions.