If the money is at any time wanted in a hurry,
banks do not insist upon notice being given to
withdraw, but deduct the days of notice from the
time the interest note has run. For instance, if
the money has been deposited for 184 days, the
14 days of notice will be deducted and interest
allowed on 170 days only. These receipts or
notes are not transferable, and the repayment of
the principal or the interest must be applied for
by the owner either personally or by letter.

Money may be deposited in a bank in two
names and be repayable to both conjointly,
by either separately, or to the survivor of the
two. The bank will require a form to be signed
by both parties, specifying the manner in which
it is desired that the money may be deposited.
By giving directions, too, the principal may be
retained in the name of one person and the
interest paid to another. Some banks adopt the
plan of book deposits, that is, the amount paid
in is entered in a pass-book, and the interest
credited half yearly. This may go on accumu-
lating, or it can be drawn out in one sum only,
not as in the case of a current account by
cheques of various amounts.

Having thus established relations between
Miss Smith and her bankers, let us see at the
end, say, of a month, the state of her pass-book,