Postcheque- en Girodienst (postal cheque and giro service)

In 1918, the Postcheque- en Girodienst was established as a service provided by the government, and as part of the PTT (Dutch postal, telegraph and telephone services). Its most important task was to provide giro transfers for families and small companies via the post office. This service rapidly gained ground, both in number of accounts and in funds entrusted. In the sixties, the Postcheque- en Girodienst had to face the competition from retail banks, but was unable to keep up due to legal restrictions. Cooperation and, eventually, a merger with the Rijkspostspaarbank were necessary. This was effected in 1977.

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