bank giro

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Bank Giro


Bank Giro Credit

(Banking & Finance) a British giro system operated by clearing banks to enable customers to pay sums of money to others by credit transfer

bank giro

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The service comprises the provision of comprehensive banking services, including the maintenance of the Council~s bank accounts, bank statements, presentation of cheques, collections including payable orders and Bank Giro Credits, processing of direct debits & credits (BACS), cash processing, cash withdrawal service, CHAPS payments, procurement cards, pre paid crads, processing debit and credit card transactions and other activities associated with a single tier local authority.
DataStoreDSX is also fully integrated with the bank's cheque processing software to handle daily transactional activities, such as SWIFTS, Bank Giro Credits, Credit Transfers, Fixed Assets and Supplier Invoices.
Businesses can pay the VAT due by Direct Debit, online, via telephone banking or by cheque at a bank or building society using a Bank Giro paying-in slip which must be obtained from Revenue & Customs.
Throughout the 1980s, efforts to establish cooperation between the banks and the Postal giro/Post Savings Bank of Norway and to merge the bank giro and postal giro systems were unsuccessful.
For example, NS&I's Cash ISA - accessible by phone, post, electronic transfer or standing order but no longer at Post Offices or by bank giro credit - pays a measly 0.
22 computer printouts showing direct debits and bank giro credits were among 1300 personal details found outside a branch in Giffnock, Glasgow.

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