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

opinions4u wrote: »

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

opinions4u wrote: »

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_3

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.

System

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

Heng_Leng wrote: »

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.