How Did Banks Keep Track Of Accounts Before Computers? | All About Money Online

Now days we have databases and software to manage customer accounts. However, back before computers that wasn’t a luxery. Say I had $300 back in 1922, and I needed $20.00 of it. How did the teller know that I had the money? Did they have to look at a general ledger and manually deduct the amount from the ledger? Or was there a more sophisticated way to manage customer’s money?

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