Are "offline" passbook accounts safer?

Paul_1977

The old style passbooks, which are not by default available in online banking, are these safer than online savers?

Im not sure if they can be accessed online, but I know mine is not and they have never offered to make it available online.

I thought these books were being withdrawn, but almost everyone in the line at my local bank had one and was using it, admittidly they were older.

cifpower

What do you mean by safer? What dangers are you thinking about?

Paul_1977

cifpower wrote: »

What do you mean by safer? What dangers are you thinking about?

I mean safer in terms of someone who is not me, accessing and withdrawing the money, or transferring it to another account.

PeacefulWaters

The fraud risk is different. But not necessarily lower.

dzug1

You can certainly pay into them (well some of them) online

colsten

PeacefulWaters wrote: »

The fraud risk is different. But not necessarily lower.

The one thing that will almost certainly be lower is the interest rate.

Paul_1977

Is it possible for someone to withdraw money without the book?

Archi_Bald

Paul_1977 wrote: »

Is it possible for someone to withdraw money without the book?

The answer to that question depends on the terms and conditions of the account.

PeacefulWaters

Paul_1977 wrote: »

Is it possible for someone to withdraw money without the book?

Are you planning some sort of fraud?

Paul_1977

PeacefulWaters wrote: »

Are you planning some sort of fraud?

No, I want to find out if I were to use a passbook how safe the money would be.

I don't like online accounts.

anoncol

Paul_1977 wrote: »

No, I want to find out if I were to use a passbook how safe the money would be.

I don't like online accounts.

Then don't register it.

I assume you are only my age yet so technophobe.