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Encyclopedia > PlusGirot

PlusGirot (formely PostGirot) is a Swedish bank, owned by Nordea. PlusGirot is one of two proprietary clearing systems used for regular transactions such as bill payments in Sweden. Nordea is a financial services group operating in Northern Europe, based in Stockholm. ...


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. A Swedish postman in Husby, Stockholm. ... Bankgirot is a proprietary clearing system in Sweden used for transactions such as bill payments. ...


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. Also see: 2002 (number). ...


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