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Giro systems originated in Ptolemaic Egypt in the 4th century BCE, where state granary deposits functioned as an early banking system with a central bank in Alexandria [5] accepting giro payments. Giro was a common method of money transfer in early banking .
Postal giro, retail banking National Girobank was a British public sector financial institution run by the General Post Office that opened for business in October 1968. [ 1 ] It was initially called National Giro [ 2 ] [ 3 ] then National Girobank and finally Girobank plc , before being absorbed into Alliance & Leicester in 2003.
Giro (banking), a direct payment from one bank account to another instigated by the payer; Girobank, a state owned and later privatised financial institution in the UK; GiroBank, a Danish bank (1991–1995) which through several mergers is now part of Danske Bank; name of a bank account with the Dutch Postgiro, later Postbank, now ING
Giro (banking), also known as direct deposit; Money order, transfer by postal cheque, money gram or others; Postal order, purchased at a post office and is payable at another post office to the named recipient; Wire transfer, an international expedited bank-to-bank funds transfer
Bankgirot is a proprietary clearing system (a giro) in Sweden used for transactions such as bill payments. It is owned by multiple Swedish banking conglomerates. The clearing system is connected with the banks enabling payments to be received directly into bank accounts.
The bank was established as Giro Bank Limited in 1992. In 1998, Giro Bank merged with Commercial Bank Limited, to form Giro Commercial Bank Limited. [5] [6] The stock of the bank is privately owned by individuals and institutions. On September 7, 2015, I&M Holdings announced the acquisition of Giro Commercial Bank. [7]
1 The word "Giro" 5 comments. 2 Giro vs. Direct Deposit. 4 comments. 3 how is this direct deposit at all? 3 comments. 4 Disambiguation needed. 1 comment.
It is optimised for online banking, though it is also available via the post (Brevgiro), using a telephone (Telegiro) or based on automation, including the services Avtalegiro, Autogiro and eFaktura. The system dates back to 1973, when the commercial banks and the saving banks created a common system, that could compete with the Postgiro system ...