The 73 capped shot-stopper, who is regarded as one of the greatest goalkeepers in the world, was named Federation Internationale de Football Association goalkeeper of the year six times.
England's 1966 World Cup-winning goalkeeper Gordon Banks has died aged 81.
The news was revealed in a statement from the Banks family on Stoke City's website.
Gordon Bank's family confirmed this morning the 81-year-old passed away in his sleep. We are devastated to lose him but we have so many happy memories and could not have been more proud of him. Even though I was on the pitch and have seen it many times since, I still don't know how he saved that header from Pele.
Gordon Banks at Chesterfield FC's former Saltergate stadium.
Banks was named the second best goalkeeper of the 20th century by the International Federation of Football History & Statistics (IFFHS), behind Lev Yashin.
"Gordon was a fantastic goalkeeper, without doubt one of the best England has ever had".
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Banks was between the sticks during England's most famous footballing hour when the 1966 squad clinched their first and only World Cup title.
Banks is also remembered for winning the 1972 League Cup with Stoke, in what remains to be the club's only major trophy.
Banks lost the sight in his right eye after being injured in a road accident in 1972 and retired at the age of 34 as a result.
Fellow goalkeeper Neville Southall added: "RIP Gordon Banks A incredible keeper and it was a joy to have met and worked with him. Will be very sadly missed".
While Raheem Sterling and Gary Lineker have also posted touching tributes, the Manchester City winger saying: "Of course there was THAT save, but it's so much more we are mourning today.RIP Gordon Banks".
"On behalf of everyone connected with England, I send my condolences to his wife Ursula, his family and friends".