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The Knights Templar

In Our Time

The Templars, the Bankers of the Mediterranean

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The Templars became bankers as well on a very big scale, how did that crop up? So this is sort of connected with the maritime side and communication networks that they established. If you're going on crusade you'll need to do two things probably. You could borrow money off the Templars, and also they can transfer it long distances overseas. Instead of carrying money across the Mediterranean, which is risky for many reasons, you could get a credit note from the Templars like a medieval travellers check. They develop this form of international monetary transfer because of the networks that they have stretching around Europe in the Mediterranean.

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