Girobank
Sign in to saveNational Girobank was a British public sector financial institution run by the General Post Office that opened for business in October 1968. It was initially called National Giro then National Girobank and finally Girobank plc, before being absorbed into Alliance & Leicester in 2003.
Wikidata facts
- Instance of
- business
- Country
- United Kingdom
- Industry
- financial services
Show 3 more facts
- dissolved, abolished or demolished date
- 2003-00-00
- inception
- 1968-00-00
- Commons category
- Banks
Sources (2)
via Wikidata · CC0
~5 min read
Encyclopedic overview
7 sectionsContents
- History
- Background
- Planning for the National Giro
- Operations
- Privatisation and beyond
- Successors
- References
National Girobank was a British public sector financial institution run by the General Post Office that opened for business in October 1968. It was initially called National Giro then National Girobank and finally Girobank plc, before being absorbed into Alliance & Leicester in 2003.
It was the first bank in Europe to adopt OCR (optical character recognition) technology; the first bank to offer interest-bearing current accounts, and the first in Europe to offer telephone banking.
Excerpted from Wikipedia’s “Girobank” article, available under the CC BY-SA 4.0 licence.