Short, Simple and Interesting FAQs
GIRO Arrangements General Interbank Recurring Order (GIRO) is a convenient, paperless and cashless payment method which enables you to make hassle-free payments to billing organisations (BO) through your bank account. GIRO is an automated electronic payment service where the amount will be automatically deducted from your DBS/POSB account and paid to your BO upon their … Read more
Interbank GIRO only accepts Singapore Dollars for payment. However, you can use Singapore Dollars to pay for your RMB/USD accounts. GIRO was set up in 1984 as an electronic direct debit mechanism used by billing organisations (BOs) as a low cost means to collect payments. GIRO is a tripartite mechanism between billing organisations, customers and … Read more
The amount of time it takes to send an Interbank GIRO payment depends on when exactly you initiate the payment. There are a series of cut-offs throughout the working day, which have been agreed by the participating banks. If you get your payment in before cut-off, it’ll be processed and will arrive by a predetermined … Read more
General Interbank Recurring Order (GIRO) is a convenient, paperless and cashless payment method which enables you to make hassle-free payments to billing organisations (BO) through your bank account. GIRO is an automated electronic payment service where the amount will be automatically deducted from your DBS/POSB account and paid to your BO upon their request. All … Read more