What is a Passbook?

A passbook, or deposit book, commonly known as a red book, is a book used to record bank transactions in a deposit account. The size will vary from country to country and from bank to bank. It can be the size of a checkbook or the size of a passport.

[cún zhé]

Word : Passbook

According to historical records, the earliest credit agencies in Chinese history were the "quality bank" (similar to pawnbrokers) of the Northern and Southern Dynasties. By the middle of the Tang Dynasty, "cabifangs" appeared.

According to historical records, the earliest credit agencies in China s history were the quality bank (similar to

In addition to the significance of credit and withdrawal, retrospective "passbook" also has another historical significance, that is, the origin of the folding style should be said to be a creation

The invention of paper art made our ancestors abandon the method of lettering on bamboo slips, and accepted the convenience of using paper while retaining the habit of reading. In the future, as the bank industry went from heyday to decline, these folded passbooks naturally withdrew from the historical stage, and the name of the passbook is still in use today.

Nowadays, with the financial marketization, passbooks have become as popular as RMB. According to different uses of passbooks, there are also many types of passbooks, such as bank passbooks, regular passbooks, and medical passbooks.