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0 0.00099925056207842 0.00149887584311772 0.00312265800649513 0.00149887584311772 0.00149887584311772 0.00149887584311772 0.00149887584311772
Stock impact report

What Is A Passbook Savings Account? [Forbes]

Cathay General Bancorp (CATY) 
Last cathay general bancorp earnings: 4/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: cathaybank.com/cathay-general/home
Company Research Source: Forbes
Passbook savings accounts provide an alternative to digital accounts by offering hands-on record-keeping and account management. These accounts are not very common or good for maximizing interest. However, if you like the idea of banking in person and keeping a book of your transactions, a passbook savings account could be for you. What Is a Passbook Savings Account? A passbook savings account is a savings account that comes with a physical notebook known as a passbook. To make a deposit or withdrawal with this kind of account, customers have to visit their bank. After the bank completes and verifies transactions, customers have a record of them in their passbooks. Both parties maintain a ledger of transactions and balances. In the past, bank tellers would stamp customer passbooks to mark transactions as complete. Nowadays, customers still visit their banks to manage their passbook accounts, but banks often keep electronic records of passbook histories and may print transactio Show less Read more
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