Banking Timeline By Emma_Blalock 1397 The first bank ever established in the world 1791 The first bank was established in the US 1794 The first mint in the United States opened in Philadelphia. 1864 The first bank established in tenneessee 1866 The first bank fraud 1871 The first bank established in Alabama 1958 Bank of America issues the first credit card. Sep 2, 1969 The first successful ATM installed in the USA. 1970 Money can now be transferred electronically across computer terminals. 1980 The first online bank established in the world 1990 Ability to electronically pay your bills on line. 1994 Debit cards are introduced.1994 2000 Contactless payment cards and “fobs” are developed. 2002 You can scan your fingerprint at the checkout stand to pay for items. 2009 Being able to carry your credit card electronically on your phone 2010 The Card Act passed which provided consumers with a choice regarding overdraft protection.