The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-08-21
Bank Accounts and How to Tran
sact Business With Banks.

l. If you wish to open an account with
bank provide yourself with proper introduc-
tion. Well managed banks do not open &C
counts with strangers.
2. Do not draw check unless you have the
money in the bank or in your possession to de-
posit. Don't test the courage or generosity OF
your bank by presenting, or allowing to be pre-
sented, your check for larger sum than your
balance.
3. Do not draw check and send it to q
person out Of the city. expecting to make it
good before it can possibly get back. Some
times telegraphic advice is asked about such
checks.
4. Do not exchange checks with anybody.
This is soon discovered by your ba" k; it does
your friend no good and discredits you.
the condition that he is not to use it until a
certain time. He is sure to betray you for OBJ
vious reasons
g. Do not take an out-of-town check from
neighbor, pass it through your bank without
charge, and give him your check for it; you
are sure to get caught.
7, Do not give your check to stranger.
This is an open door for fraud, and If your
bank loses through you it will not feel kindly
to you.
city to pay bills write the name and residence
of your payee thus: Pay to Jno. Smith & Co.,
of Boston. This will put your bank on its
guard, if presented atsthe counter.
9. 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.
10. Don't quarrel with your bank. If you
are not treated well 60 somewhere else, but
don't go and leave your discount line unpro-
tecUed
II. Don't suppose you can behave badly in
one bank and stand well with the Others
You forget there is clearing house.
II. Don't think it unreasonable ii your bank
declines to discount an accommodation note.
Have clear definition of an accommodation
note. 1t is a note for which no value has passed
from the endorser to the drawer. Ii you want
an accommodation note discounted, tell your
bank frankly that it is not, in their definition,
a business note.
13. If you take note from debtor with an
agreement verbal or written, that it is to be re-
served in whole or in part, and If you get that
note discounted and then ask to have new
one discounted to take mp the old one, tell your
bank all about it.
a. Don't commit the folly of saying that
you will guarantee the payment of note
which you have already endorsed.
15 Give your bank credit for being intelli-
gent generally and understanding its own bust
ness particularly 1t is much better informed,
probably, than you suppose.
16. Don't try to convince your bank that the
paper or security which has already been de-
clined is better than the bank supposes. This
is only chaff.
II. Don't quarrel with teller because he
does not pay you in money exactly as you wish.
AS rule, he does the best he can.
IS. In all your intercourse with bank Off
GERS, treat them with the same courtesy and
candor that you would expect and desire il the
situation were reversed.
49, Don't send ignorant and stupid messen-
gers to bank to transact your business.
We advise our subscribers to cut out the
above rules and preserve for future reference.