$ 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.

Advantages


  • 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
  • Reliable
  • No minimum balance requirement
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