Paying In Slips

[sweetiepie2121]

Is a paying in book necessary to have?
I bank with NatWest.
What are the advantages/disadvantages of having one?

All coments apreciated.

Thanks.

[Lokolo]

If you are regularly filling out paying in slips its a lot quicker because you don't have to fill in account etc. details.

[opinions4u]

Never understood the need for them - they seem to be a throwback to a more archaic way of banking.

But if your bank requires an extra piece of paper, so be it.

Personally, I prefer "Hand over your money to a cashier, agree the amount, get a receipt printed and leave."

Far more sensible and no form filling.

[Mikeyorks]

It's safer ...... pre-populated with your account data and therefore no bad handwritten figures to be misinterpreted.

[456789]

Originally Posted by opinions4u

Never understood the need for them - they seem to be a throwback to a more archaic way of banking.

But if your bank requires an extra piece of paper, so be it.

Personally, I prefer "Hand over your money to a cashier, agree the amount, get a receipt printed and leave."

Far more sensible and no form filling.

Yeah Halifax don't have them - was a bit surprised when HSBC sent me a load of paying in books when I opened some accounts with them

[rb10]

Originally Posted by opinions4u

Never understood the need for them - they seem to be a throwback to a more archaic way of banking.

But if your bank requires an extra piece of paper, so be it.

Personally, I prefer "Hand over your money to a cashier, agree the amount, get a receipt printed and leave."

Far more sensible and no form filling.

Agreed ... I'm assuming it's a throwback to the days before the level of computerisation that we have now. It certainly seems a curious and pointless waste of time for everyone.

I'm glad my account is with Halifax, where they do it in a far more sensible and modern way!

[ShelfStacker]

If used properly, they provide extra protection to the bank and the customer. You write down what you have and a breakdown of the cash, they tick off against it and stamp it, it's now a paper record and proof of what was paid in. Sorted.

[oldandgrumpy]

When using Barclays envelopes for the deposit box, they require a paying in slip as well as the hand written data on the envelope. What a waste of time.

[willo65]

Natwest do still provide them to give the customer a choice but you can just use your chip and pin card or just your account number to pay in at the cashier.

[Heng Leng]

In the case of NatWest, the pay-in book would allow you to pay cash & cheques into your account via other parts of RBS group i.e RBS, Ulster bank & Isle of Man bank.

[rb10]

Originally Posted by Heng Leng

In the case of NatWest, the pay-in book would allow you to pay cash & cheques into your account via other parts of RBS group i.e RBS, Ulster bank & Isle of Man bank.

Have they not yet integrated their computer systems yet then?? With HBOS, you can use either a Halifax or BOS branch with either account, no need for a paying-in slip.

[opinions4u]

Originally Posted by rb10

Have they not yet integrated their computer systems yet then?? With HBOS, you can use either a Halifax or BOS branch with either account, no need for a paying-in slip.

It will be interesting to see how well they eventually integrate with Lloyds.

At present, I question the space available in branches to merge the networks. This isn't the time to splash the cash on new premises and be left with bills on two empty high street shops either.

And this is before you consider the complexity of systems!

My mate who's a Lloyds manager tells me they still haven't fully integrated the TSB yet for 10 years ago!

[Twister84]

Originally Posted by rb10

Have they not yet integrated their computer systems yet then??

Nope, because RBS and Natwest haven't merged as such, whereas Halifax and BoS have. Natwest was just bought out buy RBS and still operate independently. (different products to RBS etc)

I can't see the above happening either anytime soon.

[lolrus]

...slightly OT, but as the experts seem to be here...

Can anybody explain why my bank, Barclays, almost (but not) always refuse to fill out a paying-in slip for me if I'm paying in cheques, but will do so without question if it's cash?

A friend banks at Natwest and says she's never had the problem. I mentioned this to a member of staff at my branch of Barclays and she said it was different for Natwest :-S Something to do with not processing the cheques on site, IIRC.

I was just on the phone to Barclays on an unrelated matter, and asked the same question. This time I was told that it was against the law (clearly cobblers, AFAICT) or possibly something to do with a regulatory body :-S

Anyone know the actual reason(s)?

Cheers.

[ajharris]

Originally Posted by 456789

Yeah Halifax don't have them - was a bit surprised when HSBC sent me a load of paying in books when I opened some accounts with them

That is one area where HSBC fail miserably. In this respect they are well and truly rooted in the eighties. In this day and age you should be able to hand over your card along with the cash.

[glider3560]

Originally Posted by ajharris

That is one area where HSBC fail miserably. In this respect they are well and truly rooted in the eighties. In this day and age you should be able to hand over your card along with the cash.

As much as I love the service from HSBC, this is something that really annoys me. If you hand over the card and cash, they still fill in a slip for you. But the thing that bugs me, is that when you hand over a pre-populated slip, they still have to manually type the account details into the computer. Surely it is far easier and more accurate to simply swipe your card?

[ajharris]

Originally Posted by glider3560

As much as I love the service from HSBC, this is something that really annoys me. If you hand over the card and cash, they still fill in a slip for you. But the thing that bugs me, is that when you hand over a pre-populated slip, they still have to manually type the account details into the computer. Surely it is far easier and more accurate to simply swipe your card?

I agree totally with what you have written. HSBC are first class, thier express banking machines, cash deposit machines along with the on line banking are all state of the art. The list of good points is endless. Luckily on the rare ocassion that I do pay in cash I use the machines.

When I have had to fill out a slip it is so annoying.