Thursday, January 13, 2011

How do amish people bank?

Do they have Credit? Do they write checks? Do they use ATM's? How do they purchase land?

Yes, the Amish use banks. They take out loans, have credit cards, saving accounts and checking accounts. They prefer to use cash for most transaction, but will use credit for large transactions, such as real estate. They also make investments in stocks and bonds, but typically will not purchase insurance.

Where I live, it is not uncommon to see an Amish or Old Order Mennonite horse and carriage at a bank's drive up window

they don't 'bank'

they pay in cash, straight up.

no credit, no banks, no hang ups.

most of the land they own was bought and paid for years cash.

and if they need a large amount of money for one reason or another, the local amish community covers it, expecting nothing in return.

to amish, money is just green paper that helps them get along with the rest of the world.

The Amish pay with cash. They do not use credit cards, buy on credit, write checks or use ATM's.

They purchase land with cash.

They use cash. They wouldn't trust the bank -- banks are the devil!

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