Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1877-06-01
YOUR BANK ACCOUNT.
How TO Protect It aud Very sehsi'
BILE Hints About 40. .

How 10 Protect 10 and Very sehsi-
Bile Hints About tt. .
Albany Press.I
l. II you wish TO open ans account
with a bank provide yourself with a
proper introduction. Well managed
banks do not open accounts with
strangers.
2. Do not draw a check unless you
have the money in bank or in your pos
session TO deposit. Don't test the gen
erosity OF your bank, or of your per.
sonal friend the teller or cashier by pre-
senting, or allowing to be presented,
your check for a larger sum than your
balance.
3. Do not draw a check and sendit to
a person out Of the city. expecting to
make 1t good before it can possibly get
back. Sometimes telegraph advice is
asked about such checks.
4 Do not exchange checks This is
soon discovered by your bank; it does
your friend no good and discredits you.
g.. Do not give your check to q friend
with the condition that he is not to use
it until a certain time. He is sure to be-
tray you for obvious reasons. Do not
take an out-of.town check from a neigh
Dor, pass it through your bank without
charge, and give him your check for it.
You are sure to get caught.
G.. Do not give your check to a stran.
ger. This is an open door for fraud, and
if your bank loses through it, it will not
feel kindly to you.
Z. When you send your check out Of
the city to pay bills, write the name and
residence of your pave, thus-Psy to
John Smith & Co. Of Boston. This will
put your bank on its guard, if presented
at the counter.
s. Don't commit the folly Of supposing
that because you trust the bank with
your money, the bank ought to trust you
by paying your overdrafts.
8. Don't you suppose you can behave
badly with one bank aud stand we'll with
the others. Bank men hear from one
another the shortcomings of customers.
10. Don't quarrel with your bank. If
you are not treated well, 60 somewhere
else, but don't go and leave your dis.
count line unprotected. Don't think it
unreasonable if your bank declines to
discount an accommodation note. Have
a clear definition of any accommodation
note-in the meaning Of a bank it is a
note for which no value has passed from
the indorser to the drawer.
H. II you want an accommodation
note discounted, tell your bank frankly
that it is not, in their definition, a bust
ness note. II you take a note from q
debtor with an agreement, verbal or
written, that it is to be renewed in whole
or in part, and if you get that note dis.
counted to take up the old one, tell your
bank all about it.
II. Don't commit the folly of saying
hat you will guarantee the payment Of a
note which you have already Endorsed.
ID. Give your bank credit for being
intelligent generally and understanding
its own business particularly. 1t is
much better informed, probably, than
you suppose.
a. Don't try to convince your bank
that the paper for security which has
already been declined is better than the
bank supposes. This is only ehaff.
Is. Don't quarrel with a teller because
he does not pay you in money exactly
as you wish. AS a rule be does the best
he can.
l6 In all your intercourse with bank
officers treat them with the same cour-
tesy and candor that you would expect
and desire if the situations were re.
versed.
II. Don't send ignorant and stupid
messengers to a bank to transact your
business.