LETTERS OF CREDIT ON SAVINGS BANK.
Letters of credit on various banks are well known as boons to travellers,' but it is not generally known that this system is in force at the Post Office Savings Bank. There are many people who about this time visit the Savings Bank and draw therefrom twenty pounds or thereabouts to cover a trip over Christmas. It would save them the trouble and anxiety pf carrying a sum of money with them if they simply got a letter of credit from the Savings Bank. That would enable them to draw on any post office they met with on their travels. It is possible to get a letter of credit to any amount that is deposited in the Savings Bank, with a £SO limit.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19291218.2.96
Bibliographic details
Star (Christchurch), Issue 18947, 18 December 1929, Page 10
Word Count
129LETTERS OF CREDIT ON SAVINGS BANK. Star (Christchurch), Issue 18947, 18 December 1929, Page 10
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