Accept giros: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Spacing.) |
imported>Doug Williamson m (Categorise page.) |
||
| Line 11: | Line 11: | ||
* [[Clearing]] | * [[Clearing]] | ||
* [[Giro]] | * [[Giro]] | ||
[[Category:Cash_management]] | |||
[[Category:Cash_management]] | |||
Revision as of 15:26, 15 October 2013
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.
