Back in the day, when our grandfathers had to walk 10 miles to school in the snow (uphill both ways, of course!), personal banking was but small potatoes compared to what it has grown to become. In 1914, cash, check or money order were primary methods of payment. Vegetables and chicken were also acceptable currency.
Today, debit and credit reign supreme with customers expecting to be able to make bill payments from their smart phones and to have instant access to customer service on Twitter.
This nifty little infographic summarizes the evolution of personal banking over the last century. The times they are a-changin’. Enjoy!
Image Source: The Paper Wall
I recently discovered your blog and I find your blog such an enjoyable read. Love the infographic – I wonder if anyone will even be carrying cash in 5 or 10 years. In my daily life, I use cash, very, very rarely.
Thank you for stopping by and commenting! I rarely have cash too. Or go into a bank, for that matter!