For example, Apple Wallet is also called Passbook. You may have seen the term ‘passbook’ also used in relation to mobile apps and wallets. In fact, some banks offer a digital passbook instead to facilitate electronic transactions. The bank will keep track of your transactions and interest rates through its computer system, whether or not you choose to hold a physical passbook in hand. However, today there is more technology involved than in the past. If the idea of visiting a bank branch in person and recording your details by hand is appealing, you can still find institutions offering passbook savings accounts. Bank customers would use a cheque book and passbook to balance their accounts. Any loan-related details would go here as well including the mode of payment.Įssentially, passbooks hearken back to a pre-internet form of banking when you’d need to meticulously keep paper-based records in the absence of computers and SMS alerts. Similarly for credit transactions, you’d use your passbook to keep track of deposit interest, receipts from third parties, and cash deposits. You’d also record all direct debit and pay order information, as well as details about self-payments to other accounts. How does a passbook work?Ī bank passbook is simply a physical log of your transactions, but what type of information should be recorded?įor debit transactions, you’d include all details about payments including payee name, method of payment, and name of the bank making a transfer. For example, a passbook savings account comes both with a physical notebook to record transactions, as well as competitive interest rates. While most banks now offer paperless alternatives to the old-fashioned passbook, you can still find some accounts with a passbook attached. It records on paper the details of all banking transactions, including elements such as: What is a passbook?Ī bank passbook is a physical notebook held by bank account holders. But what are your options if you prefer a more traditional approach? A passbook savings account might be worth considering. With the ubiquity of mobile wallets and banking apps, most of us never set foot inside a bank anymore. Please see our refund and return policy for when these might be applicable to shipping situations.Banking has come a long way over the years. ![]() However, in cases like this, because the packages are insured, we will send you a new package with quicker shipping and full tracking, if possible. If an order gets stuck somewhere, sent back, or even lost during the delivery process, we apologize! The postal service is out of our control. WHAT HAPPENS IF MY ORDER GETS STUCK OR LOST IN THE MAIL?Īll of our orders are sent with insured shipping and handling. Alternatively, if an item is popular and on a bit of a back order, we might ship your items at different times, in different packages, to prevent holding up your order and to get it to you as fast as possible! If you have a multi-item order, each item may be shipped from a different warehouse, depending on which one has them available the fastest. WHY IS MY ORDER BEING SHIPPED IN DIFFERENT PACKAGES? ![]() If still, you face issues in tracking your orders ![]() You can track your order on our Tracking Page with the help of the AWB number. YES, you will receive the AWB number (within 5 - 6 days) once you place an order. ![]() Orders are shipped out directly from any of our warehouses and they will do everything they can to get you your order as fast as they can! Due to the popularity of our offers, please allow an estimated 3 - 12 days for your order to arrive.
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