Bank Case Studies Midland Offshore - 1
Jersey-based offshore banking arm of the UK's Midland Bank
launched its 24-hour direct banking service. (May 1, 1966)
- paved the way for Hongkong and Shanghai Banking Corporation's (HSBC) worldwide personal Hexagon service
Jersey lends itself to 24-hour direct banking
- banking customers thousands of miles away in different time zones
- sun-worshipping bank staff also prefer to work at night.
Royal Bank of Scotland (RBS) launched its service in February but the HSBC-owned bank insists it came up with the idea first.
Lloyds Bank also launched its version
- user of BASE24-atm and BASE24-pos