If You Think You Get , Then This Might Change Your Mind

The Intriguing History Of Checks

Without having to carry a large amount of money, you can conveniently just issue a printed form named “check” to make payments. These checks’ history is not known to many that is why this site will help you discover more about it. Check it here!

The printed checks we are familiar with was invented by the Bank of England. The Bank of England used a special paper to avoid it being counterfeited and was issued from cashiers. Customers were required to attend in person to the bank upon receiving the checks. Once the check is filled out, it can be brought back to the bank for settlement. Click here for more details about the Bank of England’s contribution to the creation of checks.

Now let us talk about the contribution of the Romans on the history of checks. Back then, there were many temples dedicated to the gods of the Romans. The temples had a tight security since there were a lot of worshipers who came to perform rituals and make sacrifices. Since the security was tight in the temples, people thought to entrust the state treasuries and the wealth of the noble class to them. When there were bills to pay, money changers were advised to issue a prescription which is similar to the check writing we have today. The moneychangers kept all of the records of their transactions. View here for more details.

Now we talk about the Knights Templar The Knights Templar protected those travelers who wished to visit the sites in the Holy Land while also carrying out military operations. Members swore an oath of poverty, chastity, and obedience. Prayer was essential to their daily life and they were not allowed to gamble, drink or swear. Donated assets and large sums of money were entrusted to them. When the Catholic devotees march on their journey towards the Holy Land, they would deposit their assets to the Knights Templar. As a response, a document indicating the monetary value of the dissolved asset is given. The document provided is used to pay for their shelter and meals upon reaching the Holy Land. For a detailed information about the Knights Templar, view here!

Next contributors to the history of checks are the Dutch. The Dutch Republic held deposits from traders during the 16th Century. When it was time to pay bills, the Dutch Republic was called upon to make the payments. The traders were able to handle debts by transferring money to their creditors. There was still an exchange of money but majority of the time the Dutch Republic wrote notes that were payable to the order of the recipient. To learn more about it click the bolded texts.

Now that you know more about checks, you can easily answer someone asking you its origins.