Savings passbooks popular as Britain turns to cash amid cost of living crisis
theguardian.com
theguardian.com
High quality little things for sure, and a lot of history surrounding some of them, I’ve seen and written in books probably 100 years old.
The reason they’re a pain in the arse is the small size, both sides must be filled out which is awkward, and you have to enter the transaction through a computer anyway so it doubles the work, plus you feel shit for not having fantastic handwriting like 90% of the entries.
I know why people want to see their balance physically, but I feel people are holding onto a relic of their past due to financial illiteracy on a grand scale in the UK.
We had passbook printers, but their ribbons were quite poor and broke often so we ended up writing a lot of books. Joys of living in an old school market town!
If we had an old one we kept and destroyed it (but really, it was given back lol) - we’d hand copy and books that went wrong at renewal which was probably a weekly occurrence.
Britain ease barriers to housing production to end the cost-of-living crisis: https://www.mcsweeneys.net/articles/i-will-do-anything-to-en... and housing famine: https://thedeletedscenes.substack.com/p/the-housing-famine
> 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.
I’m genuinely amazed these are even still a thing at all!
I remember them from the 1980s in the UK!