How was money handled?

  1. Hard to remember the time before ATMs but yes, typically people got paychecks on a Friday and there would be LONG lines at the bank to cash your check. I remember using checks for many things, including made out to cash when I wanted to visit bars over a weekend and hadn't been to the bank before they closed on Friday. I would write a check for $2.00 (not a typo) which was enough because tap beers were a quarter!

  2. I just thought of this: were there Salvation Army bell-ringers outside the banks on Friday afternoon? The same uniformed old man stood outside the bank through much of my childhood and my teen years. They knew where the money was. And then it was somewhere else.

  3. Cash and checks. In the '60s, my father would get his paycheck on Friday and head to the bank (along with all the other blue collar workers), cash it, deposit some, and take the rest home as cash for everyday purchases.

  4. The grocery store accepting credit cards was the same for me too! I still felt the sting of the inflation from the Carter era and thought now there are families who can't afford groceries anymore. I didn't see it for what it was.

  5. Yes, most younger people carried and paid for things with cash. The older folks paid with checks mostly for all their routine purchases like groceries, gasoline, laundry/cleaners, etc. If you needed some extra cash, it was common at the grocery store to write a check for an amount beyond the grocery bill amount and the cashier would give you the cash.

  6. What about check floating? Writing a check and cashing it to put into an account to cover a previously written check that would bounce.

  7. Prior to ATMs my bank issued a "check guarantee card" that told the merchant my check would be paid to them even if I had insufficient funds. Abuse that, and the bank would close your account and kick you to the curb.

  8. … and when you traveled you took “travelers checks” to exchange for cash when away from home, particularly at hotels.

  9. Travelers Checks! Ha! I used those. They were supposed to be better than cash because they were unstealable. But what prevents you from fake signing my name to the back? I guess they were reimbursable while the 100s stuffed in your socks aren’t.

  10. In addition to the comments already made here, checks were mostly for retail, rent, utilities, and some services, like if the plumber came to your house to fix a drain.

  11. When I was a teen/young adult in the 90s I operated almost entirely with cash day to day & used checks to pay rent/bills.

  12. I remember a lot more cash and checks being used. You'd use cash for small purchases, checks for larger things. You might have a credit card issued by a gas station or a department store, but it didn't tie into your bank account. You got a bill at the end of the month, and you sent them a check. If you needed cash from your bank account, you either cashed a check at a store or physically went to a bank branch. Many places had late hours for drive-up banking.

  13. As a teen and young adult it was a cash only economy. When I got old enough to have bills I set up a checking account to pay for bills and grocery and then would go though my statements when I got them and balance the checkbook to make sure everything matched up.

  14. Paychecks were checks, Generally handed to you but sometimes even mailed if it was a big company with a big payroll and/or you were far from the "main' office.

  15. The worse was to party hard on a Friday night and spend ALL your cash and have to wait until Monday morning for the bank to open to get some money. Or you’d have to borrow from friends or family.

  16. Yes, back in the 1960s it was almost entirely cash and check, and the first credit card my father had was a gas card that he paid off in full every month. Later my parents got a credit card, which they also tended to pay off in full every month. My parents usually used checks at the grocery stores and department stores and some hotels, cash for small purchases and restaurants and at hotels that did not take checks. (Every other summer we had a vacation that involved driving across three states and that is when we stayed at motels and hotels, at least for part of the trip.) When credit cards became common, my parents carried less cash and used the card more. In any case, most bills were paid by check.

  17. When I first started working in 1969, I got paid every Friday by check, then I had to spend most of my lunch hour standing in line at the bank to cash it. Everybody got paid on the same day so the lines were very long. I had a checking account for the rent and utiliites but I think I paid cash for everything else.

  18. Just yesterday I told my teen son about needing my mom to send me money via western union when I was a teen far away from home on a firefighting crew. Crazy the hoops we had to jump through to get that taken care of.

  19. I am a teacher and I still get paid once on month with a check, the school refuses to have direct deposit. We generally get our checks on the 19th, payday is the 20th. If the 20th falls on the weekend, we get it that Friday. During the summer they mail our checks out or if you are close you can pick them up in the office.

  20. I started my working life with a bank & cheques were most of my day, cashing, processing & exchanging with other banks twice a day. Most people only used them to get cash, pay large or mailed in when paying accounts or used when short of cash when shopping. Most people used cash, until credit cards too over most cheque writing, which now has just about disappeared, even for businesses which use online banking.

  21. My mom used checks at the grocery store and would go to the bank, write a check to 'cash' and get cash. I remember liking going to the bank with her because it used pneumatic tubes to receive the check and send the cash back to the drive-thru.

  22. I started working in the late 80s and even then my pay was automatically deposited into the bank. I wrote rent checks, usually 6 months worth post-dated and gave them to the landlord so I didn't have to chase him at the end of the month. The only other checks were mailed out for utilities. My investments were automatically deducted and sent to my investment account every 2 weeks since I got paid every 2 weeks. Each week on Friday I went to the ATM and took out cash which was my spending money for the week. Bigger items went on credit card but only when I had already budgeted. That made it much easier to budget for me. Now with the ability to tap $5 for coffee, $10 for lunch, $50 for dinner I find it much harder to track how much I am spending. I still prefer cash for those little items since I can easily check how much is in my pocket

  23. [M70] I was paid in cash, dollar bills and coins stuffed in an envelope, for the first two or three years I was employed. I would take about half of each week's pay to a savings & loan for deposit.

  24. Back in the day (I don't remember exactly when it changed but certainly in the 90's sometime) it was not allowed to use credit cards at grocery stores, at least where I lived in Chicago and Michigan. Their margins were too slim. Write a check or use cash.

  25. I used cash almost exclusively in the 80's because I was a teen and couldn't get/didn't want a checking account. You either got paid in cash or took checks to the bank. ATM's existed by the late 80's but were not common in rural GA where I lived.

  26. Checkbooks, cash and credit cards. I kept maybe $50 on hand at all times, but everything was paid with one of those mediums. I mostly paid cash when I had enough in my pocket, because I hated writing checks, but I didn't want to carry too much cash, either.

  27. An interesting tidbit: my family came to the US in the late 70s from Israel. My parents said that they were shocked at the lack of ATMs here (SF Bay Area, so about as modern and tech-savvy an area as you could get) because back home they were already everywhere.

  28. There wasn't much option for anything but cash or cheques. Cheques were basically like using debit, but you had a few days grace to get the money in the bank. There were lots of people who wrote bad cheques. I was always surprised when at 16, stores would take cheques from me. I used cheques for groceries or larger department store purchases as well as big ticket items. I always carried a fair amount of cash because we went through it. I don't recall how much but probably at least $100 which many people thought I was crazy for. But I was always prepared. I hated being caught short. You didn't write cheques at restaurants as a rule, or for gas. Credit cards were there but were still not used as they are today.

  29. My mom would write a check for cash every week and have to go into the bank to get it cashed out, along with depositing her and my Dad's paychecks when it was time for that. Large purchases were from checks they wrote and had drawn against their accounts or they used store credit (not to be confused with a credit card). My dad had a gas card in the early 80s, though.

  30. Every suburban mom had that leather wallet/checkbook combo. My mom always paid (note the correct spelling!!) for most store purchases by writing a personal check. Before card machines, stores had a platform at the register just for this purpose. Most people went to thr bank on payday to deposit checks while reserving enough cash to meet their needs for the week. My dad would swing by the back if he needed cash and write a check payable to "cash" on the pay to the order of line. ATMs were a huge deal in the mid-80s since you could avoid the long lines for the first time. Stores didn't start accepting them for payment until the early 90s..I think. You used your ATM card to get cash or other business at the machine itself only.

  31. I'm 65. I got my first checking account in high school (I worked). Back then, I didn't even have to have an adult sign for me to have an account. You had to physically go to the bank to deposit or cash your payroll (or any other) check.

  32. Most of us above a certain age remember the drag of paying bills with checks and balancing the checkbook. You'd sit down with your pile of bills and your checkbook. You'd physically write out a check and put it into the envelope they gave you, along with the stub from the invoice so it would get credited to your account. Sign the check, seal the envelope, write your address in the spot in the corner, put the date and the amount into your check register, then do the next one. It took a long time and it was tedious as fuck.

  33. There were no all-purpose credit cards like Visa or Master Card. Maybe American Express or Diner's club were around. Otherwise credit accounts were specific to stores or gas stations.Starting in the 70's I worked for a bank. I never knew anyone who was paid in cash. Check or automatic deposit. I used a lot of checks. Now I write maybe 4 a year.

  34. Before wallets and purses were invented, we carried money in our butt cracks and cleavage. And if you really wanted to show off, inside your nostrils. But you had to be careful when you sneezed.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed