When a draft is collected through a bank, a small fee is charged, and this fee is called _exchange_. Exchange is also charged for the collection of out-of-town checks, especially if they are drawn on banks in small towns and cities.
=31.= When money is deposited in a bank, a list of the items in the deposit is made on a blank known as a _deposit ticket_ or _deposit slip_. These deposit tickets are furnished by the bank for the convenience of its customers.
=32. Signature Card.= Money deposited in a bank can be withdrawn only by presenting a written order or _check_, signed by the one in whose name the money is deposited. That the bank may know that money is not paid on checks that do not bear the correct signature, each depositor is required to leave at the bank the signature or signatures which are to be honored. These signatures are written on a card, known as a _signature card_, which the bank keeps for reference.
=33. Check Books.= Blank checks are usually bound in book form, the checks themselves being perforated so that they can be easily removed. These _check books_ are in most cases furnished by the bank. The number of checks on a page varies, but is seldom more than four. When a check is written, the number, date, name, and amount should be written on the face of the stub. To keep a convenient record of the balance in the bank, it is well to enter a list of all checks and deposits on the back of the check stubs.
=34. Pass Book.= The bank _pass-book_ should be taken to the bank whenever a deposit is made, as it contains the bank's receipt for all money deposited.
=35. Indorsement of Checks.= Before a check can be deposited in the bank, it must be indorsed by writing the name of the payee across the back. The indorsement should be on the back of the left end of the check--never on the right end. Several forms of indorsement are shown (p. 48). When the name only is written, it makes the check payable to the bearer, and is known as a _blank indorsement_. When the words "Pay to" are used, the check becomes payable to the one whose, name appears immediately under the words. It can only be paid to him in person or credited to his account at any bank at which he may deposit the check. A check indorsed with the words "Pay to the order of" permits of a further transfer, and provides a receipt from the one to whom it is so indorsed. When a check is to be deposited, the proper indorsement is "For deposit only." This is of special importance when deposits are sent by messenger. Such indorsements usually include the name of the bank, and are made with a rubber stamp.