Over time, changes in society, technology and world events have influenced and been affected by events in the history of banking. Innovations in technology have affected how we manage our personal banking, inflation has impacted personal spending practices and cultural shifts have changed how we make purchases. Up until the 21st century, checking accounts were managed in person at a local branch. Now we have everything we need available with just a few keystrokes or a mobile app, and we’re working on new innovations daily. Learn more about the history of banking and how electronic transfers, direct deposit functions and mobile banking changed the face of the industry.
Infographic Source :- citizensbank.com