passbook, or deposit book, commonly known as red book, is a book used to record bank transactions of deposit accounts. Its size will vary from country to country and banking institutions, and it can be as big as a checkbook or the size of a passport.
With the financial marketization, passbooks are as popular as RMB. However, what did the earliest "passbooks" look like and why they can be used as credit certificates? According to historical records, the earliest credit institution in China's history was the "quality bank" in the Southern and Northern Dynasties (similar to the pawnbroking industry), and in the middle of the Tang Dynasty, "counter shops" appeared.
If we want to trace back to another meaning of "passbook", that is, the origin of folding style, it should be said that the invention of papermaking made our ancestors give up the method of engraving words on bamboo slips, and accepted the convenience of using paper while retaining the habit of reading.
Personal firm foreign exchange trading and stock trading can be handled in some institutions. Your overseas and domestic remittances can be recorded directly. Provide payment agency and related settlement services. Provide telephone banking financial services.
in general, bank deposits are accounts used for a small number of transactions, such as demand deposits and time deposits. In early banks, bank tellers would write down the date and amount of the transaction, the latest deposit balance and sign their marks or seals by hand. Now customers can use ATMs, help printers (similar to ATMs), or go directly to bank branches to use small dot matrix printers or inkjet printers to update their bank deposits.
if customers need to check deposits, but it is not convenient to use telephone or online banking to check their account deposits, in view of this situation, suppliers of banking equipment, such as TallyGenicon, have specially provided passbook printers for printing deposits, which have improved the productivity of ATMs, provided faster transaction time and more automatic functions.
The historical significance of the passbook
Going back, besides the significance of credit and withdrawal, the passbook also has another historical significance, that is, the origin of the folding style. It should be said that the invention of papermaking made our ancestors give up the method of engraving on bamboo slips, while accepting the convenience of using paper, they kept the habit of reading.
After that, with the decline of the banking industry, these folding passbooks naturally withdrew from the historical stage, but the names of passbooks are still in use today.
Nowadays, with the financial marketization, passbooks are as popular as RMB, and according to the different uses of passbooks, there are various types of passbooks, such as bank passbooks, fixed-term passbooks, medical insurance passbooks and so on.