Accept giros: Difference between revisions
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''Credit transfer''. | ''Credit transfer''. | ||
Giros usually supplied and completed by the beneficiary with all the relevant details and sent to the payor along with an invoice. | Giros usually supplied and completed by the beneficiary with all the relevant details and sent to the payor along with an invoice. | ||
The payor then signs the giro (in other words accepts it) and forwards it to the bank. | The payor then signs the giro (in other words accepts it) and forwards it to the bank. | ||
The bank debits the payor’s account and puts the giro into the clearing system. | The bank debits the payor’s account and puts the giro into the clearing system. | ||
== See also == | == See also == | ||
* [[Accept]] | |||
* [[Clearing]] | * [[Clearing]] | ||
* [[Giro]] | * [[Giro]] | ||
* [[Payments and payment systems]] | |||
[[Category:Cash_management]] | |||
Latest revision as of 20:22, 15 October 2022
Credit transfer.
Giros usually supplied and completed by the beneficiary with all the relevant details and sent to the payor along with an invoice.
The payor then signs the giro (in other words accepts it) and forwards it to the bank.
The bank debits the payor’s account and puts the giro into the clearing system.
