A bank giro credit is a payment where the customer instructs their bank to transfer funds directly to the beneficiary's bank account. Businesses and consumers alike use bank giro transfer payments to pay invoices (for "Open Invoice" Billing) or to send payment in advance for products ordered. Many companies enclose a convenient, pre-printed transfer form with their invoice or order form, which the customer can use to make the transfer with no mistakes. It is also possible to accept bank transfer payments by simply printing country-relevant bank account details on each invoice.
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It means Bank Giro Credit
3 days usually
This means someone paid it into your bank account in a branch. What does BGC stand for? Definition of Bank giro credit
Six information needed: Bank name Branch address Account Number Person name Money amount Date paid
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