GIRO PROCEDURE
How do I set up my GIRO?
The setup of a GIRO takes time.
The validation depends on the banks and usually requires an average of 3 to 5 weeks.
Why 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.
WITHOUT GIRO you will not be able to register for ECAs and holiday camps in Eduka.
If you are a new parent:
- You can still register for ECAs and holiday camps in the Eduka portal
- BUT
- You have to start your GIRO application as soon as possible.
(For new arrivals: You can start your application once you have your local bank account set up.)
Frequently Asked Questions (FAQ)
- How to update my GIRO fee set up
- When do GIRO deductions happen?
- In case of bank account changes
- In case of student’s departure from IFS
- Guardians linked to 2 different family accounts
- How to submit a GIRO application for companies?
When do GIRO deductions happen?
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 4 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.
In case of bank account changes
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.
In case of student’s departure from IFS
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 linked to 2 different family accounts
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.
How to submit a GIRO application for companies?
Please contact us via the email address [email protected].