Bank facts

7 Things You Didn't Know About Banks

It's Friday and with the weekend fast approaching, we want to offer you something especially entertaining.

Banks are essential to the world's economy and we're sure you have at least one bank account that regulates your ingoings and outgoings. But have you ever thought much about banks? And do you know any unusual facts about banks?

If you do, good for you (and please tell us your bank-based fact by leaving us a comment), and if you don't, well, you're about to...

One. Charles “Pretty Boy” Floyd, a Great Depression-era gangster and notorious bank robber, became a beloved rogue by destroying mortgage papers at the banks he robbed, freeing many people from their debts.

Two. In North Carolina, a 59-year-old man with a squeaky clean criminal record held up a bank for a measly $1 with the intention of being sent to prison to receive free healthcare.

Three. The Bank of America hired three intelligence firms to take down Wikileaks, instructed by the Department of Justice. In response, Anonymous hacked their efforts.

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Four. When balancing customer accounts, a lot of banks subtract debits in order of largest to smallest dollar amount, rather than in the order the transactions happened in a bid to increase the number of overdraft fees they can charge. Sneaky.

Five. Once, a man deposited a junk mail “non-negotiable” cheque at his bank for a joke, and they accepted it. He ended up with $95K in his bank account.

Six. To open the vaults at the Bank of England, you need a key which is three feet long.

Seven. In 1995, a man robbed two Pittsburgh banks with lemon juice on his face. Since lemon juice is an ingredient used in invisible ink, he thought it would render his face invisible on camera. Doh.

Have a great weekend. Oh, and if you would like to gain more mind-blowing facts and figures, check out this infographic on The Stock Market.

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