Do you still use a banking passbook?

Daliah

Deleted_User said:

Passbooks can be useful to those who are not very good with online/digital banking such as older people ect. 

Oh  dear.

EssexExile

Daliah said:

Deleted_User said:

Passbooks can be useful to those who are not very good with online/digital banking such as older people ect. 

Oh  dear.

Us old people really are a nuisance.

Zanderman

Deleted_User said:

Passbooks can be useful to those who are not very good with online/digital banking such as older people ect. 

I know quite a lot of younger people who are not very good with digital banking.

And, of course, everyone will, sooner than they think, become an 'older' person. 

Which doesn't mean you suddenly only understand things invented 50 years ago.

Indeed the opposite may be true for some - I'm fairly old now and I wouldn't know what to do with a passbook.

Frogletina

I have two accounts for my grandsons which are online but these also come with passbooks. 

I was intending to pass these onto them when they are 18 but the interest rates have reduced so much since I opened them.

They do have ISA accounts so I am thinking of transferring the money into those. However, at the age of 18, there will be nothing to show which money in there came from me which I feel is a shame. I will also be, God willing, in my 80s.

However, I feel the extra interest in the ISAs means I have little choice.

Wheres_My_Cashback

Passbooks, like cheques are from a previous era and really have little place in today's modern society for the vast majority, however there will still be a small minority who like them for various reasons. Like most things in life the minority are propped up by the majority.

I currently have 22 active passbooks, all issued at account opening and never updated again (even though transactions made monthly) until account closure, many not even then. They get slung in a drawer and are effectively redundant, a total waste of time and trees.

The 22 passbooks are for Regular Savings accounts from predominantly smaller Building Society's who don't have any digital banking structure, very limited/poor ones or that don't show these types of account in online banking.
They don't have the staff or financial resource to set up digital services though if did they probably wouldn't need so many staff.

MalMonroe

Deleted_User said:

Passbooks can be useful to those who are not very good with online/digital banking such as older people ect. 

They shouldn't be abolished completely, but should become like chequebooks where the customer has to request one, rather than being issued as standard to all customers.

Many credit unions in the Republic of Ireland have now done away with passbooks, and instead issue something called a "visual savings card" instead, which is reusable and displays the members current savings balance as and when it's used, its much more sustainable than passbooks.

My turn to say 'oh dear'. And also because you spelled etc wrong. It is short for etcetera. And it is spelled ETC not ect.

Because I'm 71, I guess I'm one of the 'older people' to whom you refer. What a cheek.

I use online banking on my laptop and I use banking apps on my phone. This means I can check all my accounts daily, if I so wish. I've not used a bank book for decades.

You're being very age discriminatory by intimating that we elders are moronic and it's insulting.

I've also just started my own online business, complete with business and financial plans. What about you?

MalMonroe

EssexExile said:

Daliah said:

Deleted_User said:

Passbooks can be useful to those who are not very good with online/digital banking such as older people ect. 

Oh  dear.

Us old people really are a nuisance.

Or we're stupid. One or the other. Or maybe both?