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164
1970 Passbook - No 1 Department
 
Sandwell branch passbook illustrating the format used and the Bank's services available in 1970.
Further information is provided by references.
 
 
 
 
[1]
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BACK TO THE TOP
(Passbook preserved by Keith Boden)

[1]

The all numerical account number format was introduced in late 1966

[2]

A pre-printed box allows for other accounts etc held by the depositor to be cross-referenced

[3]

The branch's address applied by a rubber stamp

[4]

These set of Hours of Business were introduced

[5]

Closure of branches on March 31st for the Annual Balance ceased with computerisation

[6]

The amended Rates of Interest applied from December 1st 1970

[7]

No 2 Department introduced April 1st 1957; No 3 Department introduced January 1st 1967

[8]

Current Accounts introduced July 1967

[9]

Inland Revenue regulations required the Bank to make an Income Tax Return

[10]

An early system of Standing Orders was supplemented by the addition of a Credit Transfer facility in 1961

[11]

This provision of Travellers Cheques and Foreign Currency was introduced in 1965

[12]

Around this date, there were few safes available to rent in the Safe Deposit

[13]

Particulars of the Inter-Bank Transaction Scheme were detailed in Branch Instructions

[14]

Introduced in 1922, by this date Home Safes were becoming less popular

[15]

In 1970, the number of Utility Accounts taken were 1.2-million

[16]

Deposits by the Direct Transfer Scheme rapidly increased during the 1970s

[17]

Certificates were the most popular of these Government products

[18]

Orders for purchase or sale of Stocks & Shares were telephoned to a designated broker

[19]

At this date, applications for Mortgages were dealt with by interview at Head Office

The above services provided by the Bank in 1970 may be compared with those available in 1932 at IMAGE-165