Oliver G.A.
@oliverga
In Our Time: History cover image

The Knights Templar

In Our Time: History

The Templars and Banking

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The Templars became bankers on a large scale due to the maritime activities and communication networks they established. They provided safe deposits for valuable items in their houses, allowing crusaders to leave their possessions securely before embarking on journeys. Additionally, the Templars offered loans for the costly crusades and facilitated international monetary transfers through credit notes, functioning as a medieval form of travellers' checks. Their extensive network across Europe and the Mediterranean enabled them to transfer money overseas efficiently.

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