BNET Business Dictionary
Business Definition for: Passbook
- a small booklet issued by banks, building societies, and other financial institutions to record deposits, withdrawals, interest paid, and the balance on savings and deposit accounts. In all but the smaller institutions, it has now largely been replaced by statements.
Wiktionary Definition for: Passbook
- ''(banking)'' The customer's record of deposits and withdrawls from a savings account at a bank, typically recorded in a small booklet. The bank keeps its own record, which is final in any dispute.
Additional Resources
- Passbook savings system "outdated".
- Dec 17, 2001 (The Courier-Mail ABIX via COMTEX) -- Infochoice analyst, Sean McIntyre, says passbook savings accounts are not only outdated but make little economic sense. McIntyre says Westpac Banking now demands a $A100,000 balance before offering interest on such accounts, not including charges....
- Research articles 2001-12-16
- [1303] PAYG withholding exemption for passbook accounts.
- Jul 31, 2003 (Weekly Tax Bulletin - ABIX via COMTEX) The Australian Taxation Office ATO announced a pay-as-you-go PAYG withholding exemption on 23 July 2003. It has exempted entities from releasing an annual PAYG withholding statement concerning passbook savings accounts covered by section 16-155...
- Research articles 2003-07-31
- WaMu's thrifty savers slipping away to rivals; Customers defect after Dime purchase; WaMu says gains offset losses.(News)(New York Community Bancorp, Commerce Bank offer competition)
- Byline: tom fredrickson When Peyton R. Patterson headed the retail banking operations of Dime Savings Bank, she depended on elderly and foreign-born customers who faithfully kept their savings in passbook accounts. "Passbook deposits were D Byline: tom fredrickson ...
- Research articles 2003-07-14
- Shares, Deposits And Dividends
- Any credit union certificates, from time to time as determined by its board of Directors, issues and executes deposit contracts in the form of Member Deposit Certificates whereby the credit union agrees to pay a guaranteed rate of interest to the depositor which may be less than, equal to, or...
- White papers 2003-08-29
- Dow Jones Launches PassBook With NatWest Markets, Bank of America, UBS and Westpac
- NEW YORK, LONDON, GENEVA & SYDNEY--BUSINESS WIRE--May 30, 1997--
- Research articles 1997-05-30
- TallyGenicom launches 5040 passbook printer for finance sector.(Product enhancement)
- A MAJOR NEED within banking is for devices that are effortless in operation. This is especially so at the teller station where the prime requirement is to service customers. Such tasks are inherently stressful as each of the banks customers has speci A MAJOR NEED within...
- Research articles 2005-12-01
- Nexus To Support Peripherals for Fiserv Windows- based Branch Automation Software
- RALEIGH, NC--BUSINESS WIRE--July 28, 1995--Nexus Software, the leading provider of retail branch connectivity, has been selected as a Fiserv service partner to support multiple makes of branch peripherals for the Fiserv FAST (Fiserv Account Sales & Teller) platform automation system. Nexus' flagship WOSA Resource Manager will support FAST peripheral...
- Research articles 1995-07-28
- How to Whistleblow... Quietly
- How to Whistleblow... QuietlyRE: How to Whistleblow... QuietlyYes, unethical behavior abounds. And rarely does anyone in executive management want anything done about it. In one case, I went first to my management with no results but a shrug and then the CID in a government organization to report blatent and...
- Discussion threads 2008-10-27
- Social insecurity: the campaign to take the system private.(Social Security system)(Cover Story)
- There is a growing movement, spearheaded by right-wing factions and financial service organizations, to privatize the Social Security system. In effect, it would take a social insurance program from the American people for the sake of profit and political ideology. "Workers carry a passbook in their back...
- Research articles 1997-01-27
- Thai Banks Find Customer Relations Now Critical to Market Share.
- By Darana Chudasri, Bangkok Post, Thailand Knight Ridder/Tribune Business News Apr. 11--Many bank customers would say that basic financial services differ little from one institution to the next, whether they be passbook savings accounts, credit cards or personal loan programmes. ...
- Research articles 2002-04-11
- Thai Bank Opens New Bangkok Branch.
- By Darana Chudasri, Bangkok Post, Thailand Knight Ridder/Tribune Business News Mar. 24--Bangkok Bank's newest branch opened with a resounding success on Friday, drawing 1,200 deposit accounts worth some 670 million baht. The new branch, located in the Abdul Rahim Building...
- Research articles 2003-03-24
- The Sacramento Bee, Calif., Jack Sirard Column.
- By Jack Sirard, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News Oct. 3--QUESTION: I have $64,000 coming due in a savings account in a few weeks and am wondering what to do. It's with Golden 1 Credit Union, but the rate is...
- Research articles 2003-10-03
- Lower Interest Forces Seniors to Dip into Principal on Passbook, CD Accounts.
- By James Ramage, Daily Press, Victorville, Calif. Knight Ridder/Tribune Business News Jun. 28--VICTORVILLE, Calif.--With each diminution of its key short-term interest rate, the Federal Reserve has been trying to ward off deflation and stimulate the economy. But it's also...
- Research articles 2003-06-28
- All In The FAMILY - rating fund companies
- Rating the best and worst fund companies AN OFT-QUOTED MAXIM IS THAT YOU can't choose your family. That may be true--unless you're picking a mutual fund. In an era when everything from retirement plans to passbook savings replacements have pushed money inflows into these vehicles to record levels,...
- Research articles 1999-04-01
- Cash Vs. GAAP Financial Statements
- Most companies do their day to day accounting practices using the "Accrual method". This allows them to track their revenue and expense as they are 'Accrued'. There are some smaller, usually sole proprietor type businesses, which use the "Cash basis" also sometimes referred to as 'Checkbook' or "Passbook' accounting. This...
- White papers 2008-10-27
- Anchor BanCorp Wisconsin to buy Ledger Capital for 1.07 times revenue
- The Deal: Anchor BanCorp Wisconsin has agreed to purchase Ledger Capital Corp. for $42.5 million. The acquisition will expand Anchor's reach in the state of Wisconsin. Discussion: Ledger Capital Corp. is the holding company for Ledger Bank, which operates four branch offices in suburban Milwaukee and provides savings products and...
- Research articles 2001-07-02
- Lending you money, advice; Relationship should go beyond the passbook.(Focus: Small Business)
- Byline: KATHERINE STEPHAN Tasha Patterson walked into National City Bank in Naperville in August to borrow money so she could open a high-end bridal boutique in Plainfield. She got the loan, and more. Not only did loan officer Todd Olsen extend a...
- Research articles 2004-11-08
- Keeping reds in the black.
- ARSENAL supporters are now able to look after their own finances as well as contribute to the financial wellbeing of their club after Britannia Building Society launched two new accounts designed to help out the club. After 93 years, this will be Arsenal's final...
- Research articles 2005-09-15
- Minimum wage.
- In this week's extract from his investment diary, Bernard Jones is stuck in line for small change Bernard Jones Saturday 15 September: Bank run Eunice was thrown into a complete lather by the Northern Rock news, which I broke to her over...
- Research articles 2007-10-17
- Why You Shouldn?t Bash Cash
- Today?s seemingly microscopic yields on money market funds aren?t so bad when you take into account the fact that inflation has actually been negative for much of the year. As a result, real returns are actually fairly decent. Here?s how to think about the role of cash in your portfolio,...
- Articles 2009-11-19
