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What is Bank Giro Credit (BGC)?

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Comments

  • andrew-the-cat
    andrew-the-cat Posts: 333 Forumite
    100 Posts
    My salary is paid by BGC
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Not unless Sainsburys have taken to walking down to the Bank and paying it over the counter!

    As 95% of employers - they pay via BACS Direct Credit.
    If you want to test the depth of the water .........don't use both feet !
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Tell them that you don't recognise the payment and ask them to investigate the source as a possible erroneous credit.
  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    If it's a savings account it could be interest? I know BGC is supposed to be external but it could be mislabelled?
  • Mandelbrot
    Mandelbrot Posts: 9,139 Forumite
    Rampant Recycler
    dzug1 wrote: »
    If it's a savings account it could be interest? I know BGC is supposed to be external but it could be mislabelled?

    If it's Halifax post-Sep 2011, it probably is! :(
  • andrew-the-cat
    andrew-the-cat Posts: 333 Forumite
    100 Posts
    Mikeyorks wrote: »
    Not unless Sainsburys have taken to walking down to the Bank and paying it over the counter!

    As 95% of employers - they pay via BACS Direct Credit.

    igrPN.jpg
  • rb10
    rb10 Posts: 6,334 Forumite
    andrew-the-cat wrote: »
    igrPN.jpg

    Yes, that's the error that is found at both Lloyds TSB and at Halifax.

    Whilst they label it as BGC, it's actually BACS Direct Credit.

    This error has been there since at least Sept 2011 - I can't believe they still haven't corrected it.
  • Mandelbrot
    Mandelbrot Posts: 9,139 Forumite
    Rampant Recycler
    edited 10 February 2012 at 5:24AM
    rb10 wrote: »
    This error has been there since at least Sept 2011 - I can't believe they still haven't corrected it.

    I can.
    It's not the only one.
    (They can't always even label their own Interest payments correctly.)
  • andrew-the-cat
    andrew-the-cat Posts: 333 Forumite
    100 Posts
    rb10 wrote: »
    Yes, that's the error that is found at both Lloyds TSB and at Halifax.

    Whilst they label it as BGC, it's actually BACS Direct Credit.

    This error has been there since at least Sept 2011 - I can't believe they still haven't corrected it.

    Thanks for clearing that up. I thought it would make a lot more sense for them to use direct credit rather than BGC but I thought the bank would have got it right. :)
This discussion has been closed.
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