Why passbooks still matter?

In today’s digital era, most transactions are conducted online, and while other banks and building societies are slowly limiting their passbook account options, you might wonder: are traditional passbooks still viable? At Dudley Building Society, we believe the answer is a big "Yes!”

But first, what’s a passbook?

A passbook is a physical booklet issued by financial institutions that records all transactions related to a savings account. It’s a tangible record of your savings, updated in real-time every time you visit a branch. Unlike online statements, a passbook is always accessible, offering a clear and immediate snapshot of your financial status. There’s no need to worry about logging into an app, remembering another password, or navigating through multiple screens to find the information you need.

The timeless appeal of passbooks

At Dudley Building Society, we understand the value that passbooks bring to our members. That’s why we continue to offer them with our savings accounts. We believe in providing options that cater to everyone’s needs, including those who prefer the familiarity and security of a traditional passbook.

Our commitment to offering passbooks is about more than just maintaining tradition; it’s about ensuring that our members feel confident and in control of their savings. We know that peace of mind is priceless, and for many, a passbook is an integral part of that assurance.

3 reasons to open a passbook savings account

1. Transparency and simplicity- With a passbook, every transaction is recorded in real-time, right in front of you. There's no need to navigate through difficult webpages or worry about whether you've missed an important notification. Everything you need is right there in black and white, providing a clear, straightforward record of your savings.

2. Security and peace of mind - While digital banking has undoubtedly made life easier, it also comes with its own set of risks, from phishing scams to cyber-attacks. A passbook, on the other hand, is immune to such threats. It's a secure, offline record that can't be hacked or compromised by digital threats.

3. Personal touch - In an age where banking can feel impersonal, passbooks offer a reassuring connection to the traditional values of trust and reliability. Every time you visit a branch to update your passbook, you're engaging with a real person who can provide advice and assistance. This face-to-face interaction is something we value at Dudley Building Society and digital banking simply can’t replace.

Visit one of our branches to learn more

If you’re considering opening a new passbook savings account, we invite you to apply in one of our branches, or via post. Visit https://www.dudleybuildingsociety.co.uk/savings/product-finder/ to find our latest passbook accounts and links to the downloadable application forms.

For the full list of our branches, please visit https://www.dudleybuildingsociety.co.uk/contact-us/contact-us/find-a-branch/.

Our friendly team at Dudley Building Society is ready to discuss your options and help you choose the best account to meet your needs. Give us a call 01384 231414 or send us an email [email protected] if you have any queries and we’ll try our best to help you.