I vaguely remember Christmas Clubs at the bank, as a kid. Don't know how they worked though. Were funds directly deposited into the Christmas Club account from a savings/ checking? Could you deposit what was in your pocket if you happen to be walking by? I'm sure i could Google, but prefer the firsthand experiences of our members here. Thanks!
@Treashunt , congratulations!! I wondered if perhaps anyone would notice the misspelling -- MERRY CHRISTMAS to you and yours.
I have some old Coke-Cola checks but I didn’t know banks wrote checks for the Christmas Funds. They still had the clubs when I was younger but I always thought you just withdrew the money.
As I remember them, they had to be opened in the first few weeks after Thanksgiving for the following year. The banks near me had a $500 Club account and a $1000. You started by depositing $10 or $20 depending upon the account you chose, then the bank would give you a coupon book, much like an installment loan coupon book, in which you used to deposit the same amount every week. The account collected interest and after 50 weeks were deposited, the bank would issue a check for the $500 or $1000 plus interest a couple of weeks before Christmas. If you didn't keep up your deposits fully, you only got what you actually deposited, no interest.
For me Kissing the face of God is a beautiful photo, My wife thought so and she is very religious. Merry Christmas and Happy New Years.
