What is a joint giro credit? How does it differ from a bank giro credit?
A joint giro credit is one that has been issued by a business for payment of a bill either at a bank, in which case it will be cleared through the interbank credit clearing or at a branch of the post office. It is drawn on Alliance & Leicester Commercial Bank and has the words TRANSCASH printed on it as well as the words Bank Giro Credit with the money mark logo.