Banking Timeline By KatherineLLoyd 1781 The first bank of the United States was established 1794 The first mint in the United States opened in Philadelphia 1958 The first universal credit card was made by Bank of the United States Sep 2, 1969 Chemical Bank installed the first ATM in the U.S. 1970 Money can now be transferred electronically across computer terminals 1987 The first debit card was created 1990 The ability to electronically pay your bills online was created 2000 Contactless payment cards or "fobs" are developed 2010 The Card Act passed which provided consumers with a choice regarding overdraft protection 2030 Able to carry your credit cards electronically on your cell phone This will happen sometime in the future 2040 You can scan your fingerprint at the checkout stand to pay for items This will happen sometime in the future