The story
Johann Christian Eberle established the first giro association involving German savings banks, the Giroverband Sächsischer Gemeinden (lit. 'giro association of Saxon municipalities'), which was founded on 1908-10-05 with 151 members and started giro operations on 1909-01-02. Several other regional giro associations (German: Giroverbände) were subsequently created. On 1916-10-26 during World War I, the Deutscher Zentral-Giroverband (lit. 'German Central Giro Association') was established in Berlin to coordinate the activities of the Giroverbände.
From Wikipedia’s article on DekaBank, shared under CC BY-SA 4.0.5
