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Passbook
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==History== Passbooks appeared in the 18th century, allowing customers to hold transaction information in their own hands for the first time. Until then, transactions were recorded in ledgers at the bank only, so customers had no history of their own deposits and withdrawals.{{Citation needed|date=January 2023}} The passbook, which was around the size of a passport, ensured that customers had control over their own information, and was called a "passbook" because it was used as a way to identify the account holder without needing further identification. It also regularly passed between the bank and the account holder for updating.<ref name=telegraphpass>{{cite news |url=https://www.telegraph.co.uk/finance/personalfinance/savings/9326252/Back-to-the-future-savings-passbook-trumps-the-internet.html |title=Back to the future' savings passbook trumps the internet |date=June 12, 2012 |publisher=The Telegraph |access-date=April 3, 2018 |archive-date=July 3, 2018 |archive-url=https://web.archive.org/web/20180703121937/https://www.telegraph.co.uk/finance/personalfinance/savings/9326252/Back-to-the-future-savings-passbook-trumps-the-internet.html |url-status=live }}</ref> [[File:Paying taxes with passbooks (1943).jpg|200px|right|thumb|Customers queuing to bank counter in Finland with passbooks (1943)]]
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