Savings passbooks popular as Britain turns to cash amid cost of living crisis

Re:Savings passbooks popular as Britain turns to cash amid c... by gandalfian on Monday January 29, 2024 @07:38PM (#39184846)

It's slightly vague over whether these are still traditional passbook accounts. Or if the passbook is now a symbolic token to make people comfortable.

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Re:Savings passbooks popular as Britain turns to cash amid c... by junar on Monday January 29, 2024 @07:44PM (#39184888)

It sounds like it's talking about accounts using physical passbooks.

> A Lloyds Banking Group spokesperson said it started talking to customers last year to help them get familiar with how accounts operate without passbooks ...

> Virgin Money told us it was in the process of removing passbook accounts from its range ... affected customers can typically keep the account they have and operate it as a statement-based account instead of using a physical passbook.

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Re:Savings passbooks popular as Britain turns to cash amid c... by firecall on Monday January 29, 2024 @07:56PM (#39184992)

I’m thinking they mean physical Passbooks. With pages that show hand written transactions and current balance.

I’m genuinely amazed these are even still a thing at all!

I remember them from the 1980s in the UK!

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