WHY A GIRO
Why a GIRO at IFS
What is GIRO?
GIRO (General Interbank Recurring Order) is an automatic secured direct debit payment method between the banks.
Why?
GIRO is COMPULSORY for all students for the payment of all MISCELLANEOUS FEES and OPTIONAL for all the OTHER FEES.
This decision of the Executive Council aims to facilitate administrative processing and cope with the volume of transactions.
Important Notice: WITHOUT GIRO you will not be able to register for ECAs in Eduka.
GIRO SET-UP
How Do I Set Up My GIRO?
eGIRO – The Best Solution
The electronic version of the GIRO in Singapore, called eGIRO, is the best option to set up a GIRO in less than 15 minutes, is available for the following banks
The Paper GIRO
If your bank is not on this list, you will need to continue with the current paper process.
The paper version – takes up to 5 weeks to get your GIRO approved.
FAQ
Frequently Asked Questions
Only invoices billed to the family will be paid by Direct Debit deduction on the due date.
In case of companies subsidizing school fees and/or canteen fees, kindly take note that the related invoices will be issued directly to the company’s name, and therefore, DO NOT trigger any GIRO deduction on your own bank account.
A confirmation email is consistently sent to parents/companies at least 3 days before the deduction date.
GIRO payment for ECAs is done directly to the family’s account. If your employer provides financial assistance for ECAs , please contact your company directly for reimbursement.
You may terminate your GIRO arrangement directly with your bank.
Please inform the Finance department, we will terminate your GIRO in Eduka and instruct you on how to submit a new GIRO application.
Your GIRO arrangement will be available by default during the entire period your child(ren) are enrolled at IFS. If your child(ren) is(are) leaving the school, you may terminate the arrangement directly with your bank.
Guardians who are linked to 2 different family accounts (in the case of blended families) must identify the family account on which they wish to set up the GIRO arrangement, on condition that they are identified as a payer. Due to technical reasons, it will not be possible for a payer to have the same GIRO arrangement under 2 different family accounts. Kindly contact the Finance team if you have any questions.
GIRO APPLICATION FOR COMPANIES
How to Submit a GIRO application for Companies?
Please contact us via the email address [email protected].