What are the differences between passbooks, deposit receipts, and bank cards?

The differences between passbooks, deposit certificates and bank cards are as follows:

1. Different definitions

Bank cards refer to consumption-related items issued to the public by commercial banks upon approval. Credit payment tools with full or partial functions such as credit, transfer settlement, cash deposit and withdrawal, etc. Bank cards reduce the circulation of cash and checks, allowing banking business to break through the limitations of time and space and undergo fundamental changes.

A certificate of deposit is a credit certificate used by banks to handle savings business. Generally used for one-time deposits and withdrawals, and fixed-term and live-convenience savings. After the bank issues deposit certificates and passbooks, it is financially responsible for the depositors' deposits.

The passbook, or deposit book, commonly known as the red book, is a book used to record bank transactions in deposit accounts. Its size will vary by country and banking institution, and can be as large as a checkbook or as large as a passport.

2. Different appearance forms

A passbook is like a detailed booklet for depositing and withdrawing money, which can clearly reflect your capital flow. There are different types of passbooks such as current passbooks, regular passbooks, and lump sum withdrawals. Some bank ATMs can provide self-service deposit and withdrawal functions for passbooks, but not for deposit certificates.

A deposit receipt is a document, which is mostly used for deposits, lump sum withdrawals, fixed deposits, and other types of deposits. Compared with the first two tools, bank cards are very flexible. You can deposit and withdraw money from the counter. You can also make deposits and withdrawals from the ATM yourself.

3. Different functions

You can check the details directly on the passbook, which is clear at a glance. There is no annual fee for the passbook, but there is a small account management fee. However, the passbook cannot be used and withdrawn at any time. This can be solved by binding it to a bank card. The deposit receipt is settled in one go, but it can be transferred automatically without any fees.

The bank card can be used for deposits and withdrawals in other places. You can deposit and withdraw money at self-service equipment at any time. There are handling fees in different places. The card has annual fees and small account management fees. It can be bound to the passbook. The card can be used to deposit time deposits and current deposits with high interest rates such as One-Account Pass. The card is risky and may be stolen