Accept giros

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Revision as of 15:26, 15 October 2013 by imported>Doug Williamson (Categorise page.)
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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.


See also