Banking timeline

By BrandonCallahan2

  • The first bank was established in the United States

  • The first mint in the United States opened in Philadelphia.

  • Bank Act

  • New York opens bank of New York

  • Bank of America issues the first credit card.

  • The first successful ATM installed in the USA.

  • The Panic of 1907

  • Money can now be transferred electronically across computer terminals.

  • Debit cards are introduced.

  • Ability to electronically pay your bills online.

  • Efficiency Act

  • 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