A chequebook for everyone
|| EXIT | Introduction | Literature | Key Dates | Alliance & Leicester | Santander ||
In the 1960s, generally only the more well - off, salaried employees had bank accounts. Payment of wages in cash was the norm. Cheque accounts were more likely to be held by businesses than the man in the street. For sending payments by post, Postal Orders were widely used.Literature
National Giro was set up by the Post Office in 1968, and was an initiative of the Labour government to provide banking facilities for those people who did not have bank accounts. The process was overseen by the politician Tony Benn the Postmaster General.
Alliance & Leicester
The Alliance & Leicester Group can trace its origins back to 1852 and the formation of the Leicester Permanent Benefit Society. Two key events in the history of the Group were the merger between the Alliance Building Society and Leicester Building Society in 1985 to form the Alliance & Leicester and the purchase of Girobank from the Post Office in 1990.
On 12 November 2004, Banco Santander Central Hispano, SA (Banco Santander) acquired Abbey.
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