How did Medieval Banking Work? (Short Animated Documentary)

Want an extremely simplified overview as to how Banking worked in the Late Medieval Era? No? Well, here's one anyway.

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[sanchobanana]

Everyone out here talking about James Bisonette, but the real mastermind behind this episode is actually Kelly money-maker

[af]

*Someone:* Pays money back on time
*The Medicis:* Wait you weren't supposed to do that

[milo]

imagine walking into a bank like:

“hey can i get a loan”

“sorry sir we can’t do that for you”

“why not?”

“your credit score is too high”

[rumkeg]

I wish deadlines for university assignments operated like medieval banks in Europe

[QuestionEverythingButWHY]

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
― Mark Twain

[theprofessional]

King Phillip had the templars killed because he didn’t want to pay back his loans

[CSLucasEpic]

The Medici: "Okay, the Pope can take us out... but what if WE become the Pope?"

[Luboman]

Ah, that explains why these banking houses in Italy and Germany kept loaning to the King of Spain and the King of France. These kings were always late on their payments, and I always thought that was so foolish, that these Italian and German banks were willing to lend such huge sums to these irresponsible monarchs. Now I know why the kings were late and why the banks kept lending these kings money...

[tsforteen]

King: I need a 10000 Ducat loan
Lender: Will you pay me back?
King: I wouldn't bank on it

[wesleyrichards]

You’re apparently a credible source according to my nephew. He says he watched you in his history class.

[sarpbakrsoy]

History Matters: "Want an extremely simplified overview as to how Banking worked in the Late Medieval Era?"

Me, who doesn't even know how banking works in the modern age: *[visible confusion]*

[RebornFitz]

The best part is always when someone runs through the flowers

[Edmonton-ofec]

For anyone wondering, the word for bank comes from the Italian word for bench, banco, because much of these original currency exchanges predating formalized banking systems were done on benches.

[tc]

“Families were often taken down by kings as quickly as the rose”

And that’s when bankers quickly discovered mercenaries and paying off the kings court.

[stunner]

I'm surprised you didn't have an animation of the Templar's when you said "kings went after families" as homage to the French King destroying them because he didn't want to pay his loan back.

[AkademietHistorie]

There's also the Knight's Templar order, who would let you deposit money in one of their castles and withdraw it in another, essentially creating the first credit notes.

[Mr_Mabasa]

"The exception to these rules were Kings and the Pope, who just got the loan for free because 'Please don't kill or excommunicate me' "🤣🤣🤣🤣

[coppeis]

What about the Jews? I thought they were bankers in the medieval period because they didn't have the issues with interest as they weren't Catholic...

[mdmjeremiah]

The last time I was this early I was able to get an interest free loan.

[pridelander]

"...and this lead to kings taking advantage of banks."

Guess the Iron Bank of Braavos actually *won't* have its due.