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Things You Didn't Know About Gringotts

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Vote up the most magical details.

Fans of the Harry Potter series are well aware of places like Hogwarts, which is the primary location for the story. While other areas like Diagon Alley have been seen, they haven't been depicted in great detail. Interestingly enough, there's a pretty vast history behind Gringotts bank in Diagon Alley, along with numerous facts about its extreme importance to the Wizarding World. As it turns out, the bank is absolutely vital to the functioning of wizards' daily lives, and it's worth learning more about it.

In addition, Gringotts has connections to many events in the past that are related to both to its own history and that of dark magic. There are also points of interest about the general practice that Gringotts Goblins engage in as part of life working at the bank.

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  • 1
    515 VOTES

    Gringotts Curse-Breakers Are Responsible For Bringing Gold For The Bank

    Gringotts Curse-Breakers Are Responsible For Bringing Gold For The Bank
    Photo: Harry Potter and the Deathly Hallows - Part 2 / Warner Bros. Pictures

    Gringotts doesn't just use the money of its customers to conduct its dealings; it relies on Curse-Breakers to bring them gold. Curse-Breakers are wizards under the employ of the bank whose job is to raid tombs and ancient locations to find gold; this is brought to the bank and circulated into its funds.

    Gringotts has its own source of income thanks to the Curse-Breakers, who are stationed in locations where wizards of ancient times were known to inhabit. Bill Weasley is technically employed by the British Gringotts because he got a job there and was sent to Egypt to bring gold to the bank. It's the reason that Bill easily gets a desk job when he wants to return to England. 

    Curse-Breakers are also paid a substantial bonus based on how dangerous a particular task is, which generally involves removing dangerous spells that ancient wizards set up to guard their treasures.

    515 votes
  • 2
    426 VOTES

    There Have Only Been Two Break-Ins

    There Have Only Been Two Break-Ins
    Photo: Harry Potter and the Sorcerer's Stone / Warner Bros. Pictures

    It's surprising that the break-in at Gringotts during Harry Potter and the Sorcerer's Stone isn't treated as a big deal, because it's actually the very first time anyone has managed to penetrate the bank's security.

    Quirinus Quirrell successfully broke into Gringotts, and it's heavily implied that he was able to do so under the guise of accessing his own vault before he charmed a Goblin into allowing him access into the vault that contained the Sorcerer's Stone. Goblins refuse to accept Quirrell's break-in as legitimate because the vault was already emptied by Hagrid earlier that day; their argument is that it's not a break-in if items aren't stolen. 

    The second break-in was famously committed by Harry Potter, Hermione Granger, and Ronald Weasley, who escaped on the back of the Gringotts' dragon in Deathly Hallows. Quirrell and Harry's actions are the only two times that Gringotts has ever experienced break-ins - there are no cases prior to or subsequent to those events.

    426 votes
  • 3
    426 VOTES

    If A Being Other Than A Goblin Tries To Unlock A High-Security Vault, They Will Be Trapped Inside

    If A Being Other Than A Goblin Tries To Unlock A High-Security Vault, They Will Be Trapped Inside
    Photo: Harry Potter and the Sorcerer's Stone / Warner Bros. Pictures

    Goblins have set up specific security measures to ensure that only they are in control of Gringotts' vaults. To this end, the high-security vaults have a specific detail that no one but a Goblin can overcome. It involves the touch of a Goblin to activate the vaults' locks, and any being other than a Goblin is in for a horrible consequence should they try it instead.

    The magic behind the vaults' protection is set up in such a way that a non-Goblin will be sucked into the vault they're trying to breach. The downside is that there is no escape from inside the vault, so the person has no option but to be trapped in there.

    High-security vaults are rarely opened because their owners place items of importance inside that they don't generally need to access, so a vault is only opened once every 10 years, which guarantees the burglar will perish if they're stuck in the vault.

    426 votes
  • 4
    488 VOTES

    Gringotts Openly Allows Fugitives And Dark Wizards To Do Business With The Bank

    Gringotts Openly Allows Fugitives And Dark Wizards To Do Business With The Bank
    Photo: Harry Potter and the Deathly Hallows - Part 2 / Warner Bros. Pictures

    The Goblin Griphook openly admits he sees no difference between villains like the Death Eaters and heroes like Harry because he considers all wizards to be the same. Griphook's mentality ties in with Gringotts' lack of issue with the fact that it guards vaults that belong to convicted criminals.

    People like Bellatrix Lestrange and Sirius Black were sent to Azkaban because of charges related to torture and murder, yet Gringotts continues to watch over their vaults and doesn't allow the Ministry of Magic access to them - it's why Voldemort's Horcrux was never confiscated.

    Sirius is able to purchase Harry's Firebolt using his money in Gringotts during The Prisoner of Azkaban despite the fact that he is the most wanted man in the country at the time. The bank doesn't even consider raising the matter with the Ministry and completes Sirius's transaction like any other work-related matter.

    488 votes
  • 5
    406 VOTES

    Gringotts Is Responsible For Ensuring That Muggle Currency Is Circulated In The Wizarding World

    Gringotts Is Responsible For Ensuring That Muggle Currency Is Circulated In The Wizarding World
    Photo: Harry Potter and the Sorcerer's Stone / Warner Bros. Pictures

    Wizards are unaware that they have Muggles to thank for keeping their economy running. Gringotts is the primary reason the Muggle and Wizarding Worlds are able to function where finances are concerned because the bank is responsible for currency conversion.

    Muggles who are aware of the Wizarding World go to Gringotts to convert their money; Gringotts has a dynamic currency exchange that converts Muggle money to Galleons based on the current market rate. The money the bank attains from Muggles is then invested in the Muggle world itself, which allows Gringotts to have another source of income.

    406 votes
  • 6
    341 VOTES

    The Bank Was Founded By A Goblin Of The Same Name

    The Bank Was Founded By A Goblin Of The Same Name
    Photo: Harry Potter and the Sorcerer's Stone / Warner Bros. Pictures

    The name of the bank makes it sound as if it's based on a family or a company title; however, there was a Goblin named Gringott. This Goblin established the bank in 1474, and is credited as the person who has allowed the Wizarding World to function in terms of financial freedom.

    Gringott is also one of the few non-wizards to receive a Chocolate Frog card due to the level of influence he's had on the Wizarding World. Gringott also has a statue dedicated to him in Diagon Alley because the market continues to thrive as a result of the bank's location there.

    341 votes