What is the depositor?

Passbooks are simple paper books that contain pages that are designed for use with simple bank account records. Sometimes referred to as a bank book, depositors were considered the most common way to keep up with the current balance of the savings account for many years. Because the design of the flake allowed the record to easily fit into the lapel pocket or handbag, the easy process was a deposit book to the bank when depositing or downloading.

The Passbook pages format is very simple. The columns are found on each page that provides space for entering the data and type of transaction, amount of deposit or selection, and a modified account balance. Any interest on the bank account would be recorded in Passbook as a credit on the account while the download would be recorded as a debit.

in the past was not a holder of an account by the one who produced notation in pAssbook. Instead, the customer would take the flake to the bank when making a deposit or selection. Bank employees would notice and initial transaction in the relevant columns. Some banks had a procedure that required treasurers and other banking officers dealing with transactions so that the initial activity in complaints. When this was the case, it was not uncommon for the Pass books published by an institution to contain a column specifically for this purpose.

Although there are banks that still provide deposits to customers, this practice has decreased significantly since the arrival of the home computer. Many banks today allow customers to access online account information and download the detail to financial accounting programs. This allows the customer to access the current balance -generated balance, including any interest on balance, which completely eliminates the need for banking.