This section is from the book "Hill's Manual Of Social And Business Forms: A Guide To Correct Writing", by Thos. E. Hill. Also available from Amazon: Hill's Manual Of Social And Business Forms: The How-To-Do-Everything Book Of Victorian America.
T0 business men or women, the keeping of a bank account is a matter of very considerable convenience, as well as pecuniary benefit. If much business is done, money is constantly accumulating, which is easily deposited, and is usually more secure from burglary in a reliable bank than elsewhere. It is true that money will sometimes be lost, through the robbery or failure of a bank; but of all the chances for loss which business people have to contend with, that by failure of banks is the least; while it is found that the practice of depositing each day's accumulations in a bank, having the same in readiness to draw whenever wanted, as a whole, works greatly to the advantage of people doing a large amount of business.
Of course, where the deposits are large, and the rates of interest are good, the banker is considerably benefited by having the use of the money. Bankers, however, realize their indebtedness to the customer, and in various ways, through their acquaintance and influence with wealthy men, often render such aid to their patrons in a time of need, as enables them to carry forward certain enterprises that would be found oftentimes very difficult to accomplish without such aid.
If it is intended, when depositing money in a bank, to allow the same to remain for several weeks or months, the banker will usually give the person so depositing a " Certificate of Deposit ;" if, however, it is desired to draw the money out frequently, while daily, perhaps, adding more, the banker will present the depositor with a Pass Book, a Check Book, and Deposit Tickets. The Deposit Ticket is a blank form, which the customer will fill up, indicating when, as well as the amount, and kind of funds deposited. The following exhibits the form of a deposit ticket. That printed in Roman type represente the printed matter on the same; the wording in script illustrates what is written by the depositor, thus:
Deposited in THIRD NATIONAL BANK, By George Smith
New YORK, June 8/ 1873.
The Pass Book is a memorandum book, in which the receiving teller of a bank enters the date and amount of deposits. On the opposite page is shown the amounts drawn out. From time to time a balance is struck, showing the amount of deposits then in bank. The following shows the ordinary form of keeping the bank account:
Third National Bank in ac. with George Smith
5 Vouch's ret'd
The Check Book is a book of blank orders, or checks as they are called, with a margin on which to make a memorandum of date, amount, and to whom the check is given. When the check is filled, it goes to the bank where the individual giving the check deposits money, while the memorandum remains in the book. An idea of the check book may be obtained from the following:
Form of a Check Book.