Bank Giro


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Bank Giro

A transfer of funds between banks without using a check. A giro transfer can be accomplished electronically or through the mail. It usually processes faster than a check. It originated in Europe, where in some countries it has largely replaced the use of checks, especially in international transactions.
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Firms which had a bank account had the option of using bank giros.
Norges Bank also proposed coordination of the EFTPOS (8) systems and the ATMs systems of the postal service and the banks, of postal and bank giros, and the introduction of fees for payment transfers which reflected costs more accurately.
NORDIC BUSINESS REPORT-28 January 2002-Finnish cooperation minister concerned over bank giro fees (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com
Jan-Erik Enestam, the Finnish Nordic cooperation minister, has expressed concern over the high and varying fees charged by the banks for bank giro services and has said that he will bring up the issue with his Nordic colleagues.
Just call at any branch of the Ulster Bank and makeyour gift via a Bank Giro Credit quoting sort code 98/00/60, Ulster Bank Ltd Donegal Place.
Existing cash ISA customers can continue to save with their accounts, which can be managed by phone, post, electronic transfer or by standing order, but will no longer be able to make deposits at Post Offices or by bank giro credit.
Money can be paid in by cheque, standing order or bank giro.
You can change the amount any time and also make one-off payments through a bank branch using the bank giro money payment form.
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