The Savings Bank And Its Practical Work a Practical Treatise On Savings Banking
The Savings Bank And Its Practical Work a Practical Treatise On Savings Banking
William Henry Kniffin
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"2. The name. "3. The amount. "Having eliminated any errors found, the totals are made up by the smaller sections and recapitulated, finally reaching an agreement between the increase and the decrease of the depositors' balances and the increase and decrease of the teller's cash. Barring the possibility of double and com- pensating errors (which, though rare, is always with us) any error would throw the final figures out, whether it be in amount, in the wrong side, in the wrong account, or, mos...t important of all, in the derived balance. " Posted "While You Wait.^' In the Strafford Sa^dngs Bank of Dover, N. H. , posting is done at the time of the original transaction. The teller makes his entry at the window (e. G. , in case of a withdraw- al), takes the depositor's receipt and sends the pass-book. 332 -THE SAVINGS BANK AND ITS PRACTICAL WORK with a charge sHp for the amount to be withdrawn, back to one of the bookkeepers. She selects the deposit card, corre- sponding in number to the bank-book, enters all back divi- dends on the book and then enters the withdrawal on both book and card.
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