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Greek locks, nonetheless, have been usually seen as unsecure. It was the Romans who improved upon Greek and Egyptian locks by introducing metals as their main materials. In addition to offering higher strength, Roman locks were much smaller and keys could possibly be worn in pockets or around the neck. Banking has since developed on account of trade and commerce which, in turn, created wealth that required safe locations for storage. Given the monetary duties of banks and the development of their relationship with rich customers, these monetary establishments grew to become the pure storage home for the valuables of their prospects. The historical past of safekeeping by banks is greatest documented in the United States. The primary American industrial financial institution, the Bank of North America, was founded in 1782, shortly followed by the Bank of recent York and the Bank of Massachusetts. None of these banks were then involved in safekeeping since commerce was nonetheless transacted by the use of barter and little or no wealth was monetised or capable of storage.

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