Did the Knights Templar make it much harder for the likes of Robin Hood to rob from the rich and give to the poor? Using the smart financial system devised by the Templars, the rich no longer had to lug caskets of loot around with them. Instead, they lodged some money with the Temple in, say, London and withdrew it in Acre or Tripoli, hundreds of miles away.
How on earth could they do this in the Middle Ages? The theory is it all came down to the use of secret codes on chits, understood at the other end. As a result, a knight going off on crusade didn’t have to drag sacks of money around. Thieves waiting by the roadside would now find that the potential pickings were markedly reduced.
Like all bankers, the Templars charged an administration fee and interest but somehow managed to avoid the opprobrium of the church with regards to engaging in usury – an activity that had been largely confined to the Jewish community. The term ‘cheque’ it’s been argued refers to the chequered board on which Templars settled their accounts.
The Templars were also able to move huge amounts of money around. For example when the king of France was captured and ransomed during one of the crusades, the ransom was paid off by the Templars because their ships stationed offshore were crammed with gold to pay for the crusader wars.