256:
279:
The personal banking business of
Girobank became part of the Alliance & Leicester Building Society. The Business Banking arm continued to use the Girobank name as a wholly owned subsidiary of the Alliance and Leicester, repositioned as a cash handler and credit card processor for retailers and
271:
it. The transaction was completed in 1990 and by this time the bank was essentially indistinguishable from its competitors, apart from its use of post offices to transact cash business. The contract with the Post Office was to continue to be an exclusive one for a fixed period after privatisation.
295:
The name "Girobank" continued in use on some giro credits intended for paying bills, along with the
Alliance & Leicester "plus" logo. Some councils were continuing to use the original name "Post Office Giro" in 2011.
307:
The Post Office now provides cash services to many banks on a commercial basis. In April 2013 the Post Office announced it would be launching a retail banking service accessible through Post Office branches under the
47:
244:, gave its approval to a continuation plan. However, charges were doubled for the majority of customers, the 'same day' service was changed to a 'next day' service, and staffing was reduced from 3,500 to 3,000.
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602:
224:
complex for the site, completed in March 1968. The
National Giro was the first financial institution in Europe, and probably the world, to be established from the outset to be fully computerised.
205:
In 1965 a white paper "A Post Office Giro" was published, outlining a system which would use post offices as its business outlets, with automated central processing of transactions.
688:
827:
255:
662:
722:
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government came to power in 1970, there were pressures on the government to close the still loss-making operation. The government, with the advice of consultants
612:
812:
802:
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817:
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176:. It is credited for shaking up the UK banking market, forcing competitors to innovate and respond to the needs of the mass market.
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system, and said that if the main banks did not do this, the possibility of the Post Office introducing it should be investigated.
635:
407:
832:
807:
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following further consolidation in the
Alliance & Leicester Group. In May 2010, Alliance & Leicester was acquired by
666:
580:
489:
169:
771:
379:
299:
In March 2009, a campaign was launched to bring back
Girobank. Backers included MPs, trade unions and small businesses.
193:
set up to investigate the "Working of the
Monetary System in the United Kingdom" recommended the introduction of a
337:
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62:
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technology; the first bank to offer interest-bearing current accounts, and the first in Europe to offer
57:
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to provide loans to account holders, which was a significant stimulation of account growth. When a
217:
146:
607:
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353:
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173:
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The early years of
National Giro were unprofitable. In 1969 National Giro partnered with the
338:"Post Offices - Securing their Future: Annex A - The development of the post office network"
190:
516:
The business of
Britain's National Giro, 1968-78: "Socialist euphoria and self-deception"?
365:
313:
285:
221:
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won a bidding process for the
Girobank operation in 1989 after the government decided to
194:
272:
After privatisation, the bank expanded and opened a £9.5 million operations centre in
796:
515:
455:
268:
289:
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The Bootle office after privatisation, bearing the
Alliance & Leicester logo
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31:
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other banks. In 2003 the Girobank brand was dropped, with the business renamed
603:"18 May 90 UK: Contract – Wigan. Monk to build operations centre for Girobank"
17:
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209:
125:
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that opened for business in October 1968. It was initially called
748:
247:
By the late 1980s, Girobank was Britain's sixth largest bank.
145:
was a British public sector financial institution run by the
212:
in Lancashire. The Post Office bought land on the site of
772:"Post Office to launch 'value for money' current account"
220:
railway. It also built a large, purpose built office and
549:"Post Office: Girobank, Girobank Sale and Privatisation"
416:(Report). Vol. 770. 17 October 1968. p. 163.
388:(Report). Vol. 673. 4 March 1963. pp. 165–74
288:
and the name Alliance & Leicester was replaced by
689:"Paying by cheque/postal order/cash/post office giro"
453:
Glyn Davies with foreword by James Callaghan (1973).
331:
329:
492:. National Archives. 2060 - Santander Group Archives
132:
121:
111:
103:
95:
77:
69:
53:
454:
336:Business and Enterprise Committee (23 June 2009).
747:. Federation of Small Businesses. Archived from
208:By September 1965, a central site was chosen at
636:"Girobank disappears in A&L brand makeover"
521:(Report). European Business History Association
509:
507:
484:
482:
480:
478:
542:
540:
538:
536:
514:Billings, Mark; Booth, Alan (26 August 2010).
8:
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436:"Girobank brand laid to rest after 25 years"
39:
429:
427:
425:
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38:
828:1968 establishments in the United Kingdom
168:It was the first bank in Europe to adopt
325:
361:
351:
30:For GiroBank (Denmark 1991–1995), see
7:
813:Defunct companies based in Liverpool
457:National Giro: modern money transfer
803:Defunct banks of the United Kingdom
170:OCR (optical character recognition)
434:Collinson, Patrick (7 July 2003).
25:
770:Hilary Osborne (13 April 2013).
45:
581:"National Giro the first years"
413:Parliamentary Debates (Hansard)
385:Parliamentary Debates (Hansard)
201:Planning for the National Giro
1:
611:. 17 May 1990. Archived from
161:, before being absorbed into
823:Banks disestablished in 2003
663:"Paying by Post Office Giro"
583:. National Archives. GIRO/NG
719:South Hams District Council
634:Andrew Cave (7 July 2003).
547:Ball, Barbara (June 2011).
461:. London: Allen and Unwin.
136:Postal giro, retail banking
83:; 56 years ago
849:
29:
818:Banks established in 1968
555:. GB 0813 POST 112 Series
380:Post Office (Giro System)
44:
282:Alliance & Leicester
265:Alliance & Leicester
251:Privatisation and beyond
163:Alliance & Leicester
116:Alliance & Leicester
234:Mercantile Loan Company
312:brand, now run by the
260:
63:Public limited company
833:Postal savings system
808:Economy of Merseyside
408:National Giro Service
258:
58:Statutory corporation
745:"Post Bank Campaign"
641:The Daily Telegraph
490:"The National Giro"
218:North Mersey Branch
191:Radcliffe Committee
147:General Post Office
41:
27:Former British bank
751:on 8 November 2010
715:"Post Office Giro"
364:has generic name (
261:
73:Financial services
615:on 9 January 2019
608:Construction News
310:Post Office Money
174:telephone banking
155:National Girobank
143:National Girobank
140:
139:
40:National Girobank
16:(Redirected from
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721:. Archived from
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691:. Archived from
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665:. Archived from
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725:on 16 July 2011
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695:on 21 July 2011
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669:on 15 June 2011
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340:. UK Parliament
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314:Bank of Ireland
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286:Grupo Santander
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242:Cooper Brothers
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222:data processing
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468:0-04-332054-6
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362:|author=
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189:In 1959, the
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153: then
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151:National Giro
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19:
779:. Retrieved
776:The Guardian
775:
765:
753:. Retrieved
749:the original
739:
727:. Retrieved
723:the original
718:
709:
697:. Retrieved
693:the original
683:
671:. Retrieved
667:the original
657:
645:. Retrieved
639:
629:
617:. Retrieved
613:the original
606:
597:
585:. Retrieved
579:Hardman, N.
557:. Retrieved
552:
523:. Retrieved
494:. Retrieved
456:
448:
440:The Guardian
439:
411:
402:
390:. Retrieved
383:
374:
342:. Retrieved
306:
298:
294:
290:Santander UK
278:
262:
246:
238:Conservative
231:
207:
204:
188:
167:
159:Girobank plc
158:
157:and finally
154:
150:
142:
141:
128:, Merseyside
122:Headquarters
54:Company type
36:
525:27 November
496:27 November
32:Danske Bank
797:Categories
647:12 January
320:References
303:Successors
228:Operations
185:Background
107:Privatised
18:Girocheque
755:1 October
729:1 October
699:1 October
673:1 October
619:8 January
587:5 October
559:5 October
269:privatise
165:in 2003.
112:Successor
354:cite web
344:13 April
133:Products
70:Industry
781:25 June
392:25 June
216:of the
214:sidings
180:History
96:Defunct
86: (
78:Founded
465:
210:Bootle
126:Bootle
65:(1988)
60:(1968)
553:AIM25
519:(PDF)
274:Wigan
783:2016
757:2010
731:2010
701:2010
675:2010
649:2015
621:2019
589:2020
561:2020
527:2020
498:2020
463:ISBN
394:2016
366:help
346:2014
263:The
195:giro
104:Fate
99:2003
88:1968
81:1968
799::
774:.
717:.
638:.
605:.
569:^
551:.
535:^
506:^
477:^
438:.
422:^
410:.
382:.
358::
356:}}
352:{{
328:^
316:.
292:.
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623:.
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368:)
348:.
90:)
34:.
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
