Banking Timeline

  • The first bank of the United States was established

  • The first mint in the United States opened in Philadelphia

  • The first universal credit card was made by Bank of the United States

  • Chemical Bank installed the first ATM in the U.S.

  • Money can now be transferred electronically across computer terminals

  • The first debit card was created

  • The ability to electronically pay your bills online was created

  • Contactless payment cards or "fobs" are developed

  • The Card Act passed which provided consumers with a choice regarding overdraft protection

  • Able to carry your credit cards electronically on your cell phone

    This will happen sometime in the future
  • You can scan your fingerprint at the checkout stand to pay for items

    This will happen sometime in the future