The Ĉekbanko Esperantista (

Esperantist An Esperantist () is a person who speaks, reads or writes Esperanto. According to the Declaration of Boulogne, a document agreed upon at the first World Esperanto Congress in 1905, an Esperantist is someone who speaks Esperanto and uses it for ...

Checking Bank) was a

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

founded in 1907 by H. F. Höveler in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. Deposits and withdrawals were based on the

Spesmilo The ''spesmilo'' (, plural ''spesmiloj'' ) is an obsolete decimal international currency, proposed in 1907 by René de Saussure and used before World War I by a few British and Swiss banks, primarily the Ĉekbanko Esperantista. The ''spesmilo'' ...

. Transactions were "readily available and inexpensive". On 30 April 1914, there were 730 accounts in 320 cities in 43 countries. After the death of Höveler in 1918, the bank was

liquidated Liquidation is the process in accounting by which a company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as wound-up or dissolved, although di ...

References

Defunct banks of the United Kingdom Banks established in 1907 Esperanto organizations {{UK-bank-stub