Establishment of the Bank of Amsterdam
- When
- 1609–1620
- Where
- Amsterdam
- Episodes
- 2
The Bank of Amsterdam, or Wisselbank, was an early bank vouched for by the city of Amsterdam and established in 1609. Isaac Le Maire was the most important account holder at the institution in 1609 and 1611.
Episodes
- Early Account Holders
Isaac Le Maire was the most important account holder in 1609 and 1611, and the bank's user base grew to 1,202 by 1620.
- Bank Founding
The Wisselbank was established on 31 January 1609 as an early bank vouched for by the city of Amsterdam.
Background and detail
Background. The Bank of Amsterdam was an early bank vouched for by the city of Amsterdam. At the time, 500 different coins from various countries circulated, but a good system to determine exchange rates did not exist.
Establishment. The Bank of Amsterdam was formally established on 31 January 1609. It served as an early bank vouched for by the city, playing a pivotal role in the 17th and 18th-century financial landscape of Amsterdam.
Early Usage. Isaac Le Maire was the most important account holder at the Wisselbank in 1609 and 1611. Between 1611 and 1620, the number of account holders in the bank grew from 708 to 1,202.
People involved
- Isaac Le Maire · Account holder
- City of Amsterdam · Voucher
Sources
- Bank of Amsterdam Wikipedia, revision of 2026-08-28
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.