Bank Cards vs. Passbooks: Comparison of Deposit Methods
In modern society, the continuous innovation and development in the financial field has brought many conveniences to people's daily life, especially in terms of money management and deposit methods. Bank cards and passbooks are common ways to make deposits, but they differ significantly in terms of usage, purpose, and fees. This article will explore the pros and cons of these two deposit methods, as well as the saving habits of different age groups, while also reminding people to be cautious when choosing wealth management products.
Comparison of the use of bank cards and passbooks
A.
The main purpose of a passbook
Passbook is one of the traditional deposit methods, which is mainly used in the following aspects:
Over-the-counter deposits
: Customers with a passbook can go to the bank counter and make a deposit by filling out a deposit slip or communicating with the counter staff.
Withdrawal
: A passbook can be used to withdraw money, and the customer withdraws funds over the counter or at an automated teller machine (ATM).
Transfer
: The passbook can also be used to transfer money, but you need to fill out the transfer slip and hand it over to the bank staff for operation.
A transfer slip is required
: If you want to transfer funds from one bank to another, you will usually need to fill out a transfer slip and provide the relevant identification information.
B.
The main purpose of bank cards
In contrast, bank cards are more versatile and are mainly used for the following purposes:
The same business is handled at the counter
: Bank card holders can go to the bank counter and make the same deposits, withdrawals, and transfers as passbook holders.
More convenience
: Bank card holders can enjoy more convenience, such as online payment, consumption, fixed deposits, etc.
ATMs handle deposits, withdrawals, and transfers
: Bank card holders can conveniently make deposits, withdrawals, and transfers through ATMs without having to fill out paper documents.
on the mobile app
The bank card can also be connected to the mobile app for online deposits, transfers, and account management through the mobile banking app.
Comparison of deposit methods
A.
expenses
Bank card opening fees and SMS fees
: There is usually a fee for opening a bank card, and sometimes there is also a fee for SMS notification.
The passbook is free to open an account, and the cost of transfer is charged
In contrast, a passbook is usually free to open an account, but a certain cost is charged when making a transfer.
B.
Convenience
The versatility of bank cards
: The versatility of bank cards allows users to perform various financial operations, including deposits, withdrawals, transfers, online payments, etc. The convenience of a bank card is one of the reasons that attract many people to choose it.
You will need to queue up at the counter for your passbook
In contrast, passbooks are mainly used for over-the-counter transactions, and users need to go to the bank counter in person to handle it, sometimes waiting in line. This may not be convenient enough for those who have limited time or are reluctant to stand in line.
C.
View details
Check the details of your bank card through the mobile banking app or over the counter
: Bank card holders can view their account details at any time through the mobile banking app, or they can print the transaction details at the bank counter.
The transaction details are printed directly in the passbook
: Passbook users usually need to go to the bank counter and ask the staff to print out the transaction details.
Saving habits of different age groups
There are significant differences in the choice of deposit methods among different age groups. Middle-aged and elderly friends are more inclined to use passbooks, mainly because they are not familiar with the operation of mobile phone applications, and are more accustomed to handling business and viewing transaction details through the counter. Passbooks are a more traditional and reliable way for this group.
On the contrary, young people are more inclined to use bank cards and mobile banking. They are paying more attention to convenience and versatility, and bank cards can meet a variety of financial needs in their daily lives, including online payments, spending, and transfers. They are accustomed to using mobile apps and doing relevant operations on the go, which makes bank cards their first choice.
Warning about wealth management products
In addition to the deposit method, there are also some people who put their savings into wealth management products. Wealth management products usually carry a certain amount of risk, so you need to be extra cautious when choosing them. Elderly people should be especially warned to avoid being misled into investing their savings in high-risk wealth management products, so as not to cause financial losses.
conclusion
The choice of deposit method should be decided based on individual habits and needs. Passbooks and bank cards have their own advantages and disadvantages, and people can make a choice according to their actual situation. However, no matter which way you choose, you should be cautious and rational in your financial management, especially when it comes to wealth management products. Financial markets are volatile, and smart investment and savings decisions are key to financial security.