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History·19 February 2026·4 min read

The cheque — the written promise that stood in for money

Before cards, a simple signed paper moved money from one account to another. The story of the cheque.

The cheque — the written promise that stood in for money
Image: domeniu public · Wikimedia Commons

A cheque is a paper instructing your bank to pay someone a sum from your account. For centuries, it was the main way to pay without carrying cash.

The ancestor of digital payment

The cheque was a huge step: money moved as information, not as metal. It's the direct ancestor of today's bank transfer and card payment — the same idea, just faster and paperless.