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WHY NOT ALSO VISIT |
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The Spring
of 1962 sees a new revolution – the creation of a service jointly,
The second advertisement is aimed at business customers,
who arguably have the most to benefit from the new system - There is now available at every branch
of the eleven Clearing Banks an extension of a banking service that will help
every organisation which has invoices to send. It is called the Credit Transfer service and it greatly simplifies the handling of accounts. In operation, the Creditor Company sends with the bill, either as a detachable part of it or separately enclosed with it, a standard slip naming
the bank and branch at which the Company's account
is kept. The customer, if he has no bank account,
takes as many slips as he has, with cash to the
total amount involved, and hands the money
over the counter at any branch of any of the banks mentioned below.
If the customer has a bank account he can, of course, use a single cheque and conduct his business
by post. The advantages of the Credit Transfer
service are considerable, both for those who supply goods and services and those
who pay for them. The supplier is saved the trouble of dealing with a
multitude of individual payments, for they go straight to his bank, from whom
notification and the relevant slips will be received at regular intervals.
The buyer is also saved both time and trouble; whether he has one bill to pay
or twenty, a single payment at any bank pays them all. Full steam ahead…
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A concerted campaign So
determined are the eleven clearing banks to make the new system of Credit
Transfers work, readers of newspapers and magazines in every part of the UK
are bombarded with an advertising campaign showing the many advantages to
everyone from housewife to businessman and all stops in-between… |
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Images – Martins Bank
Archive Collections
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