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Postal giro or postgiro systems have a long history in European financial services. The basic concept is that of a banking system not based on cheques, but rather by direct transfer between accounts. If the accounting office is centralised , then transfers between accounts can happen simultaneously.
In 1965 a white paper "A Post Office Giro" was published, outlining a system which would use post offices as its business outlets, with automated central processing of transactions. [6] By September 1965, a central site was chosen at Bootle in Lancashire. [6] The Post Office bought land on the site of sidings of the North Mersey Branch railway.
In Bulgaria, the postal banking system was a subsidiary of Bulgarian Posts until 1991, when Bulgarian Postbank was created. In the years that followed, Bulgarian Postbank was privatized and the relationship between post offices and bank offices became weaker. Postal banking services ceased to be available in post offices in 2011.
A certificate of a $5 deposit in the United States Postal Savings System issued on September 10, 1932. The United States Postal Savings System was a postal savings system signed into law by President William Howard Taft and operated by the United States Post Office Department, predecessor of the United States Postal Service, from January 1, 1911, until July 1, 1967.
Giro Donne, a women's cycling Grand Tour in Italy; Giro d'Italia automobilistico, automobile race in Italy; Giro (company), a U.S. manufacturer of helmets for cycling and snow sports; Giro, or Girouette, a character in the video game Mega Man ZX; Giro, a piece of orchestral music by Finnish composer Esa-Pekka Salonen
The Postal Bank) was a Norwegian ... In 2001, the Postal Giro System was bought by Bankenes Betalingssentral and the year after the two giro systems merged, ...
The Italian Post always provided the postal savings deposits and offered Post Office Giro Institutions payments (POGIs). Having performed the function of collecting postal savings since 1875, with postal savings accounts being available since 1917. The BancoPosta was founded formally in 1999 after the restructuring by CEO Corrado Passera.
Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.