BANKING: Service with a Purpose

The Bank of America became the world's largest private bank by developing special services for almost every need. This week it added three more:

¶ A comprehensive credit card that will permit holders to charge everything from shoes and doctors' bills to liquor and the costs of artificial insemination of cows. "Bankamericard" customers will be billed at the end of each month, charged 1½%-a-month interest if they wish to let the bill go longer than 25 days. The cards are free and available to nondepositors. The bank will collect up to 6%...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!