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National Girobank was a British public sector financial institution run by the General Post Office that opened for business in October 1968. It started life as National Giro then National Girobank and finally Girobank plc before being absorbed into Alliance & Leicester plc in 2003.
The organisation chalked up notable firsts. It was the first bank designed with computerised operations in mind; the first bank in Europe to adopt OCR (optical character recognition) technology; the first bank to offer interest-bearing current accounts, and the first bank in Europe to offer telephone banking, operating several years prior to the start of Midland Bank's First Direct service. It is widely credited for shaking up the UK banking market, forcing competitors to innovate and respond to the needs of the mass market.