Business Hints for Men and Women by Alfred Rochefort Calhoun
page 58 of 204 (28%)
page 58 of 204 (28%)
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2nd, it would not begin to draw interest till July 1st.
But if you have the money and would insure its safety, deposit it at once regardless of time or interest. If a depositor withdraws his money before the day when interest is due, he forfeits the interest. But banks vary as to that. CHECK AND DEPOSIT BOOKS Every depositor is given a book in which the teller or cashier credits him on the left-hand side with the amount deposited. Other deposits are treated in the same way, and at proper times, if interest is allowed, it is added as a deposit. The depositor can provide his own check book, and have it printed in any color he pleases, with the name of himself and business on the margin. The bank, however, will supply loose bank checks of its own, or it may provide them in book form, with stubs, or a space on which the number, amount and purpose of the check may be noted for the drawer's information. "Writing up" of the deposit book is leaving it with the proper officer at the bank--a receipt for the book is never taken. It is returned with all the checks received, and their amount footed up on the right hand or debit page, and the balance on hand shown. Every depositor should know from the record on the check stubs exactly how his account stands with the bank. |
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