answersLogoWhite

0


Best Answer

Yes. A passbook is essentially a way to get a summary of transactions when a customer doesn't feel comfortable using online banking and does not want to wait for a bank statement. It is also a way to withdraw money if you don't have your account and customer numbers customized, but a bank teller can also look up your account information if you show ID.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is it ok not to have a passbook on bank accounts?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which of the following accounts are you least likely to find in a modern bank?

passbook savings accounts


How can one create a passbook savings account?

One can create a passbook savings account by applying with many different companies. Some companies that allow one to make passbook savings accounts include Citzens Bank and Capital One 360.


What banks have passbook savings accounts?

TDBank has them


Record book for a saving account is called what?

A Passbook


Is a passbook considered a bank statement?

Yes


What is the use of passbook in a bank?

The bank passbook maintains a true and composite picture of business transacted by an individual during a particular period. The passbook has to be updated periodically for latest accounting information. Few banks issue bank statements in lieu of passbook. With the inception of net banking, the importance of passbook has been abated to a great extent, where an account holder can visit his account and download the detailed accounting information sitting at home.


How can i request new passbook from bank?

Go in and ask for it.


How do you get new bank passbook of PNB after having lost the first one?

Dear Manager I request to you to pls give me new passbook on behalf of my stolen passbook. Its my request to you, Sir.


Can you open your baank account without a bank book?

Yes. A Bank Passbook as it is called is not a mandatory document for a bank account. Most banks provide online banking and monthly statements to the customer and do not provide a physical passbook for the bank account.


What is the object that is important to you?

An object important to me is my passbook for my bank account.


If you have lost your bank passbook letter formet?

To, The Manager __________ (Fill in the name of the bank and branch in the blanks) From, _____ (Fill in your Name) ______(Fill in your Address & Phone number) Sir, Sub: Reg. Lost Passbook for Bank Account ______ (Fill in the Account number) As my passbook linked to my bank account _____ (fill in your bank account number) has been lost I kindly request you to issue a fresh passbook card so that I can keep track of my banking transactions like before. Thank you ________ (Fill your name and sign)


I have lost bank passbook letter formet?

To, The Manager __________ (Fill in the name of the bank and branch in the blanks) From, _____ (Fill in your Name) ______(Fill in your Address & Phone number) Sir, Sub: Reg. Lost Passbook for Bank Account ______ (Fill in the Account number) As my passbook linked to my bank account _____ (fill in your bank account number) has been lost I kindly request you to issue a fresh passbook card so that I can keep track of my banking transactions like before. Thank you ________ (Fill your name and sign)