Accept giros

From ACT Wiki
Revision as of 14:00, 23 October 2012 by imported>Administrator (CSV import)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

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