What Is The Origin Of The Word Bank?

The origin of the word bank lies in the city of Italy , where the Lombard Jews were used to keep benches in the market place to transact the business. Italian word for the bench is banco. Such banco arrangements were used to be made for smooth exchange of money and other bills of the business. From those banco arrangements, people used to call them as the banco personnel or the banco area or some specific banco. Gradually, with the mix up of the population and spreading the banco styled business, same banco word started giving rise to the bank (by stylish pronunciation, like today's SMS wording). Later on, when the financial organizations started to function with the similar objectives, people gave them the name banco and then the bank. Though, majority of the bankers believe the above theory of development for the bank word. But few also say that the bank word has its origin in the French word beque; incidentally, it also means a bench. This is not the end. Another group is there who advocates German word bank as the ancestor of today's English word bank. In German, bank means a heap of anything or joint stock fund. (English bank is also nothing but a junk place of all unnecessary papers, which actually could have gone to somebody's pocket - say mine!).