bank timeline

By Lukas Alexander
  • 1397

    first bank ever

  • The first bank was established in the United States

  • The first mint in the United States opened in Philadelphia

  • first bank in Alabama

  • first bank fraud

  • Bank of America issues the first credit card

  • The first successful ATM installed in the USA

  • Money can now be transferred electronically across computer terminals

  • first bank robbed

  • first online bank

  • Ability to electronically pay your bills on line

  • Debit cards are introduced

  • Contactless payment cards and “fobs” are developed

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

  • You can scan your fingerprint at the checkout stand to pay for items

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