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The Bank of Scotland plc (Scottish Gaelic: Banca na h-Alba) is a commercial and clearing bank based in Edinburgh, Scotland, and is part of the Lloyds Banking Group.The bank was established by the Parliament of Scotland in 1695 to develop Scotland's trade with other countries, and aimed to create a stable banking system in the country. [2]
Online banking started in the United Kingdom with the launch of Nottingham Building Society (NBS)'s Homelink service in September 1982, initially on a restricted basis, before it was expanded nationally in 1983. [13] Homelink was delivered through a partnership with the Bank of Scotland and British Telecom's Prestel service. [14]
The Royal Bank of Scotland provides a full range of banking and insurance services to personal, business, and commercial customers. As well as traditional branches, phone, and internet banking, Royal Bank of Scotland has operated "mobile branches" since 1946 using converted vans to serve rural areas. There are currently 19 mobile branches. [50 ...
Online only NatWest Group [b] 1968 Edinburgh, Scotland 691.0 61,500 470 Santander UK: 2010 London, England 275.4: 19,500 444 Starling Bank: 2014 London, England 14.7 [15] 3,500 Online only Tandem Bank: 2015 London, England 0.5 [16] Online only TSB Bank: 1810 (re-established 2013) Edinburgh, Scotland: 47.7 [17] 5,426 212 Virgin Money UK: 2015 ...
The Bank of Scotland, the oldest bank operating in the country, was the first bank in Europe to successfully print its own banknotes in 1695. [1] The issuing of banknotes by retail banks in Scotland is subject to the Banking Act 2009 , which repealed all earlier legislation under which banknote issuance was regulated, and the Scottish and ...
In 2006, HBOS secured the passing of the HBOS Group Reorganisation Act 2006 (c. i), a local act of Parliament that rationalised the bank's corporate structure. [6] The act allowed HBOS to make the Governor and Company of the Bank of Scotland a public limited company, Bank of Scotland plc, which became the principal banking subsidiary of HBOS.
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The Governor and Company of the Bank of Scotland was established by an act of the Parliament of Scotland on 17 July 1695, the "Act for erecting a Bank in Scotland", opening for business in February 1696. Although established soon after the Bank of England, the Bank of Scotland was a very different