It’s true in some states but also not relevant in many ways. It was a largely cash based society. My grandmother had a bank account prior to WW2 as a young adult in Idaho. Usually the stores kept a leger or tab and you would come pay that off in person with cash in hand at the end of the month. Your bank wasn’t needed unless you were getting a loan or had such large assets it would be dangerous to travel with it.
BUT no one has had sex with them! No one else has made such guarantees with the wings previously on offer.