A passbook loan is a loan made to a savings account owner or depositor by the bank holding the funds. The savings account balances serve as collateral for the personal loan, which is also called a ...
In that sense, a bank passbook represents the financial history of a person or a family. And I imagine there are people who have held on to every passbook they've had in the past. Traditionally ...
The building society argued that its passbooks provide customers with "an alternative choice for those who prefer to bank offline and connect with the real world", as well as serving as tools for ...
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