← belizelaw.ai · Savings Bank Rules, Cap. 266s01

Stamp Savings Cards

Savings Bank Rules, r. 56 · Revised Edition 2020

(1) The Minister may issue Stamp Savings Cards for the purpose of encouraging thrift in such form as he shall think fit. The card shall be for the purposes of receiving deposits by means of Savings Bank stamps to be affixed thereto. (2) When any Stamp Savings Card has had affixed thereto stamps of the face value of one dollar or upwards, such card will be received at the Head Office or any branch and a pass book issued for the amount specified on the card, provided that the Minister may redeem for cash Stamp Savings Cards to any value on payment by the person tendering the same of the sum of twenty-five cents for the card and stamps used. In the case of a person who is already a depositor the card should be forwarded by registered post to the branch at which the account was opened when the account will receive a further credit for the amount specified on the card. (3) When a Stamp Savings Card is handed in at the Head Office or any branch the appropriate officer and the cashier will certify on the card the value of the stamps for which credit has been given, the number of the savings bank voucher in connection therewith and the date of the transaction.
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