Bank of England Museum

Photo: John Salmon / Wikipedia
Bank of England Museum map location

Bank of England Museum address and telephone

Address:
Bank of England Museum is located at: Threadneedle Street (entrance on Bartholomew Lane), The City,
London EC2R 8AH
England
Telephone:
You can contact Bank of England Museum on Work +44 (0) 207 601 5545
Website:
The Bank of England Museum website can be visited at www.bankofengland.co.uk

Bank of England Museum opening times and ticket price

Opening hours:
Bank of England Museum is open to the public from: 10 AM to 5 PM (Mon-Fri); Closed (Sat-Sun); Last entry 30 mins before closing
Visiting hours are subject to change, and may not apply on public holidays. Always reconfirm whether it’s open to visitors before making plans to visit Bank of England Museum
Time required:
A typical visit to Bank of England Museum lasts 60-75 mins (approx)
Ticket cost:
The entry price for Bank of England Museum is: Adults free entry

How to get to Bank of England Museum

When visiting Bank of England Museum you can use the following:
Parking:
Find car parks near Bank of England Museum, or car parks in The City
Minicabs:
Find minicab and taxi firms near Bank of England Museum
Buses:
8, 11, 21, 23, 25, 26, 43, 47, 48, 76, 133, 141, 149, 242
London bus fares
Trains:
Bank CNT DLR NRN W&C, Cannon Street CRC DSC, Mansion House CRC DSC, Monument CRC DSC, Moorgate CRC H&C MET NRN, St. Paul’s CNT
If you want to visit Bank of England Museum by train then the nearest underground station to Bank of England Museum is Bank
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Craig’s London blog> Read Craig’s review of the Bank of England Museum  Check out my London blog for a full review

Bank of England Museum Easy to get to? Good for kids? Value for money?free Worth a visit?103

The Bank of England began operating on the 27th July 1694 when it was given a royal charter by William III to help finance his war with France.

Two wealthy merchants called William Paterson and Michael Godfrey oversaw its creation, and within a year 1,268 individuals had purchased £1.2 million pounds worth of shares. This was then loaned to the government at a rate of 8% per annum.

Problems arose almost immediately, as the government pressed it for more and more cash. London’s goldsmiths also took a dim view, as the institution stole away their trade. Rival banks were created, and some even started issuing their own notes.

The government stepped in in 1708 and banned companies with more than six partners from issuing currency, which in effect wiped out the competition – as smaller companies had less capital.

1833 saw promissory notes finally become legal tender. Other banks were allowed to swap these notes for gold, so the Bank became keeper of the nation’s gold reserves. This ‘Gold Standard’ was dropped in 1928, and ownership was passed into public hands.

The Bank’s Museum

The Bank of England Museum tells the complete story from the reign of William III, through the Gordon Riots of 1780, up to its place in today’s money markets.

It contains hundreds of documents pertaining to its famous customers, like George Washington and Lord Nelson, and early examples of banking technology.

There is also a reconstructed stock office from 1790, and a complete chronology of British coins.

It may sound rather dry, but there’s also fun stuff like pikes and muskets – used to defend the Bank from angry mobs. Kids can even lift a genuine gold bar. (It is incredibly heavy!)

 
  • jackie – “I got dragged along to this by my financier boyfriend (the things you do for love!) And I thought it was going to be dull dull dull I thiught I was going to have to feign interest in my loved ones interest, but I actually ended up quite enjoying it I got to pick up a gold bar as well and naturally I entertained thoughts of running away with it, but the weight put paid to that. My boyfriend often complains about how heavy my handbag is, but it is nothing compared to a gold bar. It was also nice and empty and we had the place to ourselves (presumably because the other girlfriends all had the same thoughts as me!).”

If you like Bank of England Museum, then you might also like…

> Royal Exchange The Royal Exchange, near the Bank of England, is the poshest shopping arcade in the city.
> Museum of London The Museum of London tells the story of London from Roman times up to the present day.
> Bank of England The Bank of England oversees the UK’s money markets, and prints and issues currency.
 

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