Bankgirot is a proprietary clearing system (a
giro
Giro or GIRO may refer to:
Banking and Investments
* 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 ba ...
) in
Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...
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. Swedish Bankgiro numbers are in principle only short versions of bank account numbers. They have seven or eight digits. Bankgiro numbers can't be used when paying from other countries or in other currencies than SEK. Instead the
IBAN
IBAN or Iban or Ibán may refer to:
Banking
* International Bank Account Number
Ethnology
* Iban culture
* Iban language
* Iban people
Given name
Cycling
* Iban Iriondo (born 1984)
* Iban Mayo (born 1977)
* Iban Mayoz (born 1981)
Football
* ...
number of the actual bank account should be used for that.
History
Bankgirot was started in 1959. Postgirot (now called
PlusGirot
PlusGirot ''(formerly PostGirot)'' is a Swedish money transaction system, owned by Nordea. ''PlusGirot'' is one of two proprietary clearing systems used for regular transactions such as bill payments in Sweden
Sweden, formally the Kingdo ...
), the main competitor, having its own account system, was not able to offer deposits into bank accounts and still does not generally do so except to
Nordea bank accounts.
Nordea was obliged to withdraw from involvement in Bankgirocentralen's operations related to Bankgirot for competitive reasons when it acquired
Postgirot Bank
PlusGirot ''(formerly PostGirot)'' is a Swedish money transaction system, owned by Nordea. ''PlusGirot'' is one of two proprietary clearing systems used for regular transactions such as bill payments in Sweden
Sweden, formally the Kingdo ...
(now PlusGirot) in 2002.
In 2012 Bankgirot established second-fast electronic payments, used for a mobile phone payment system called
Swish.
Owners
Bankgirot is operated by Bankgirocentralen (BGC), which is in turn owned by the following banks:
See also
*
Bankgiro Bankgiro is a Norwegian giro system used by all banks in the country, managed by Bankenes Betalingssentral (BBS). The system allows arbitrary transactions between private accounts in all Norwegian accounts using Norwegian krone. It is optimised f ...
, the corresponding Norwegian system (the names of the two articles differ only in the use of the definite article in one case). Bankgirot is the name of the system in Sweden, while the account numbers are called Bankgiro numbers (Swedish: Bankgironummer).
References
External links
*
Banks of Sweden
Payment clearing systems
{{Sweden-company-stub