Non-prepaid debit cards have become the most common method of cashless transaction in the United States, increasing from 25 billion payments in 2006 to almost 70 billion in 2017, the latest year for which data is available, according to Federal Reserve estimates. Estimates for electronic funds transfers and check payments were not available for 2016 and 2017.

Source: “Payment Research,” Board of Governors of the Federal Reserve System, last updated Jan. 18, 2019, Fig. 1, https://tinyurl.com/y227vzgd

Data for the graphic are as follows:

Year Checks Electronic Funds Transfers Credit Cards Non-Prepaid Debit Cards Prepaid Debit Cards
2006 $32.2 $14.6 $21.7 $25.0 $3.3
2007 $30.1 $16.1 $21.7 $29.3 $4.2
2008 $27.9 $17.6 $21.6 $33.6 $5.1
2009 $25.8 $19.1 $21.6 $37.9 $6.0
2010 $23.8 $19.5 $23.3 $41.0 $7.1
2011 $21.8 $20.0 $25.1 $44.1 $8.2
2012 $19.7 $20.4 $26.8 $47.3 $9.3
2013 $19.1 $21.4 $29.2 $51.2 $9.9
2014 $18.5 $22.5 $31.5 $55.1 $10.6
2015 $17.9 $23.5 $33.8 $59.0 $11.2
2016 Data Not Available Data Not Available $37.3 $63.0 $11.8
2017 Data Not Available Data Not Available $40.8 $69.6 $13.1

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