You write checks all the time … but have you ever wondered where they came from? How did checks develop? How do we collectively entrust millions of dollars to tiny slips of paper?
Did you know that the first known checks were used by 3rd-century Persian traders? Later, checks evolved into a payment method used by Christian pilgrims traveling to the Holy Land, when they didn’t want to carry heavy coins. And some people think the British used checks to “keep track of –” or, in other words, to “check on,” their colonies?
Here’s an interesting visual that discusses the history of checks –? Check it out! (No pun intended.) … (You may have to click on it to see the whole thing).