In Our Time: History cover image

The Knights Templar

In Our Time: History

The Templars Become Bankers on a Very Big Scale

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Templar houses are very well suited to that, so they become safe deposits for valuable items. You could borrow money off the Templars, and also they can transfer it long distances overseas. So instead of carrying money with you across the Mediterranean, which is risky for many reasons, you could get a credit note from the Templars like a medieval travellers check. And in addition to this, if you're going on crusade it's probably going to be very expensive, so you might need to borrow money.

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