I closed a checking account a few days ago. It was with great reluctance, but they really left me no choice. I have had the account since I opened it in the early ’70s. At that time I also had a savings account at the same bank, the old-fashioned passbook savings account, where you brought in your book and they entered your deposits and withdrawls into your booklet. You had to bring it in to get your interest added too.
I had the savings account since my teens. It was the account the Union, Sun & Journal opened when I had a paper route. They made you set aside some money each week into an escrow account in case you didn’t pay your bill. They kept the passbook, and if you stiffed them, they took it out. If you didn’t, when you quit, it was yours. Continue Reading…