Ways to Pay

Cold, hard cash used to be the most accepted way to pay for goods and services. But it grew awkward to carry around heavy bags of coins. It also became dangerous. If money is stolen or lost, its value transfers to the new holder. As people accumulated large amounts of money, they wanted to keep it safe until they needed it. Banks were established to offer this service.

Today, banks do much more than simply keep money safe. They are the backbone to providing “ways to pay” for consumers. A person who has a relationship with a bank can write checks and use a debit card. Checks, debit cards, and credit cards all are common ways to make