Which of the following best describes a Stored Value Card?

A Stored Value Card is indeed best described as a card that holds monetary value for transactions. This type of card is preloaded with a specific amount of money that can be used for various purchases, much like cash. The value on the card can be spent until it is depleted, and it can often be reloaded with additional funds.

These cards are widely used for gifting, budgeting, or making purchases where cash may not be feasible. The inherent nature of a Stored Value Card focuses on storing a monetary value rather than linking directly to an account or earning interest.

Other options provide different functionalities: a card that earns interest typically refers to savings accounts or certain investment products, and a card linked directly to a checking account describes debit cards, which draw on funds available in a bank account. A card that facilitates online purchases without a bank usually refers to payment methods that operate outside of traditional banking systems, but these are not specifically classified as Stored Value Cards. Thus, the defining feature of a Stored Value Card is its ability to hold a set amount of money for transactions, which is why the selected answer is accurate.