BFS Version: 2.X
Table of Contents
Autogiro in BFS
Autogiro is used to automatically transfer payments to the payee on the day of payment, either too early or too late. Autogiro can be used entirely electronically, by file transfer. A precondition for autogiro is that the payer gives consent, a mandate, that money automatically gets transferred from the payer's bank account to the payee.
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A sell order is created and a reservation of the fund is made.
The sell order is handled and further processed, either automatically or manually.
- Use the Action menu to Activate the autogiro out order.
- An Activate pop-up ticket appears on the screen.
- Click the Confirm button to activate the order.
- Use the Action menu to Confirm the autogiro out order.
- A Confirm pop-up ticket appears on the screen.
This ticket contains information about.
Business Date - the day on which a transaction has been carried out.
Status - if the payment is approved or not.
Custody account - the account where the order is settled.
- Click the Confirm button.
- The sell order receives the status Finished.
- Go back to the Account Overview, and the Overview tab.
- In the section Transactions, the sell order and the autogiro withdrawal are shown as transactions.
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For further information about how to manual handle Autogiro orders, see articles How to manual handle an Autogiro out order, and /wiki/spaces/KB/pages/111542308
File transfer - Autogiro
The files that the payee transmits to BGC can contain different types of assignments. These are organized in sections, beginning with a header record.
A record should contain a unique transaction identification code (TK) that tells you what kind of information the current record contains, together with the information, such as a mandate, a settlement or a cancellation or rejection.
The records follow traditional 80 character layout, divided into fields with different content.
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