PlusGirot

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.

PlusGirot

Postgirot, was developed by Posten, the Swedish postal service, and for a long time it was wholly separate from the banking system which made transfers between the two systems difficult. The competing system Bankgirot was owned and operated by the banks.

The deregulation of postal services in Sweden prompted a sale of Postgirot, and initially there were plans to merge the two clearing systems, but it was halted due to objections from the Swedish Competition Authority. Instead Postgirot applied for a banking license and became a member of Bankgirot in 2002, enabling it to take deposits and make transactions with other banks. Following this it was acquired by Nordea and renamed to PlusGirot.

External links

* [http://www.plusgirot.se/ PlusGirot] - Official site


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Look at other dictionaries:

  • Bankgirot — is a proprietary clearing system in Sweden used for transactions such as bill payments. It is owned by Swedish banks.The clearing system is connected with the banks enabling payments to be received directly into bank accounts. PlusGirot… …   Wikipedia

  • Nordea — Bank AB Type Publicly traded Aktiebolag Traded as OMX: NDA SEK …   Wikipedia

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