Isn't that what we use direct debits for? Then again, I know that the UK has greatly accelerated the already extensive use of chip-and-pin since Covid, what with not wanting to use coinage.
Cheque writing has a long and glorious tradition. We still write a few cheques every year.
Early years[edit]
There is early evidence of using bill of exchange. In India, during the
Maurya Empire (from 321 to 185 BC), a commercial instrument called the adesha was in use, which was an order on a banker desiring him to pay the money of the note to a third person.
[11]
The ancient Romans are believed to have used an early form of cheque known as
praescriptiones in the 1st century BC.
[12][
ISBN missing]
Beginning in the third century AD, banks in
Persian territory began to issue letters of credit.
[13] These letters were termed
čak, meaning "document" or "contract".
[14] The
čak became the
sakk later used by traders in the
Abbasid Caliphate and other Arab-ruled lands.
[15] Transporting a paper
sakk was more secure than transporting money. In the ninth century, a merchant in one country could cash a
sakk drawn on his bank in another country.
[16] The Persian poet, Ferdowsi, used the term "cheque" several times in his famous book, Shahnameh, when referring to the Sasanid dynasty.
Ibn Hawqal, living in the 10th century, records the use of a cheque written in
Aoudaghost which was worth 42,000
dinars.
[17][18]
In the 13th century the
bill of exchange was developed in
Venice as a legal device to allow international trade without the need to carry large amounts of gold and silver. Their use subsequently spread to other European countries.
In the early 1500s, to protect large accumulations of cash, people in the
Dutch Republic began depositing their money with "cashiers". These cashiers held the money for a fee. Competition drove cashiers to offer additional services including paying money to any person bearing a written order from a depositor to do so. They kept the note as proof of payment. This concept went on to spread to England and elsewhere.
[19]