$ and K Cash Money Co.
Passbook savings account
What is it?
It’s a basic, low-tech savings account that requires the customer to go into the bank branch to make deposits and withdrawals
- you to go into bank to make deposits and withdrawals that are stamped into passbook.
- All transactions are recorded
- More safe transactions (some people do not trust ATMs) - withdrawals are made in person
- Do not use ATM card to withdrawal or deposit
- No minimum balance requirement