Is Gringotts the ONLY Wizarding Bank?! - Harry Potter Explained

Welcome to Harry Potter Theory. Today, we’ll be discussing whether or not Gringotts is the ONLY wizarding bank in the ENTIRE world. Gringotts Wizarding Bank is one of the very first magical locales that Harry Potter gets to experience upon discovering that he is a young wizard. Alongside Rubeus Hagrid, Harry enters Diagon Alley, a street in London that’s magically hidden behind a brick wall and that leads to a wizarding community that—in hindsight—might be one of the most popular magical locations in all the world. At first Harry is taken aback by all the sights—magical creatures and devices he never thought were real, all laid out before his very eyes.  From there, alongside Harry, we learn more and more about Gringotts—which, as it turns out, is the only wizarding bank in Great Britain. Founded by a goblin named Gringott in 1474, the bank is therefore owned and operated by goblins to this day. It’s strongly fortified by magic and—as Harry discovers many years later—dragons, which is why its vaults are where the majority of wizards and witches choose to keep their valuables and monetary estates. But is it possible that Gringotts is the only wizarding bank in existence? Surely, there are other magical financial institutions somewhere else in Europe, the Americas, or far east? Learn more about your ad choices. Visit megaphone.fm/adchoices