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passbook

 
Dictionary: pass·book   (păs'bʊk') pronunciation
n.
  1. See bankbook.
  2. A book in which a merchant records credit sales.
  3. A document formerly issued to a Black person in South Africa and used to enforce certain legal and economic restrictions under the apartheid system. Also called reference book.

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Book issued by a bank to record deposits, withdrawals, and interest earned in a savings account, usually known as a passbook savings account. The passbook lists the depositor's name and account number as well as all transactions. Passbook savings accounts, though usually offering low yields, are safe because deposits in them are insured up to $100,000 by the Federal Deposit Insurance Corporation. There are many alternatives to passbooks today, including ATM machines, telephone banking services, and unlimited transfers.

Wikipedia: Passbook
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Sample passbook (open), containing the same transactions as the bank statement

A passbook or bankbook is a paper book used to record bank transactions on a deposit account. Depending on the country or the financial institution, it can be of the dimensions of a chequebook or a passport.

Traditionally, a passbook is used for accounts with a low transaction volume, such as a savings account. The bank teller or postmaster writes, by hand, the date and amount of the transaction, the updated balance, and enter his or her initials. In the late 20th century, small dot matrix or inkjet printers were introduced to update the passbook at the account holder's convenience, either at an automated teller machine or a passbook printer, either in a self-serve mode, by post, or in a branch.

A page with a pre-printed table.  It has handwritten entries showing amounts of deposits and withdrawals, and the balance.  Each entry has a post office date stamp.
The Post Office Savings Bank introduced passbooks to rural 19th century Britain

For people who feel uneasy with telephone or online banking, this is an alternative to obtain, in real-time, the account activity without waiting for a bank statement. However, contrary to some bank statements, some passbooks offer fewer details, replacing easy-to-understand descriptions with short codes, also known as mnemonics.

See also


Translations: Passbook
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Dansk (Danish)
n. - bankbog

Nederlands (Dutch)
bankboek

Français (French)
n. - (Fin) livret (bancaire)

Deutsch (German)
n. - Kontobuch, Sparbuch

Ελληνική (Greek)
n. - (οικον.) βιβλιάριο ταμιευτηρίου/καταθέσεων

Italiano (Italian)
libretto di risparmio

Português (Portuguese)
n. - caderneta bancária (f)

Русский (Russian)
банковская книжка

Español (Spanish)
n. - libreta de depósitos

Svenska (Swedish)
n. - bankbok

中文(简体)(Chinese (Simplified))
存款簿, 银行存折

中文(繁體)(Chinese (Traditional))
n. - 存款簿, 銀行存摺

한국어 (Korean)
n. - 은행 통장, (남아) 유색인이 휴대해야 하는 신분증

日本語 (Japanese)
n. - 銀行通帳

العربيه (Arabic)
‏(الاسم) دفتر الحساب الجاري لعميل لدى المصرف‏

עברית (Hebrew)
n. - ‮פנקס בנק‬


 
 

 

Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Passbook" Read more
Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved.  Read more