Similar But Not The Same! This Is The Difference Between Bilyet Giro And Check

Difference Between Bilyet Giro And Cek (Wirestock Image - Freepik)

YOGYAKARTA - Bilyet giro is an instant non-cash payment service. Understand the differences in bilyet giro and check and for example here!

However, it seems, there is another non-cash banking service called bilyet giro. Although similar, in fact there are differences in checking and bilyet giro, you know.

Bilyet giro is a bank payment service written on a special paper to transfer funds from one account to another. Meanwhile, checks are also written on a special paper, but you can immediately disburse funds when showing them to the bank.

Then, if both orders are written for banks and are used to pay a certain amount of funds, what is the difference between checking and bilyet giro significantly? Let's read the following article to the end!

Understanding Bilyet Giro And Check

Saat sebelum mangus tentang perbedaan kedua alat pembayaran tersebut, Kalian perlu menguasai pendapat bilyet giro serta cek terlebih dahulu.

Bilyet giro merupakan sebuah pembayaran giral yang biasanya disediakan oleh bank umum di Indonesia. Dalam artin lain, pihak yang membuat bilyet giro yaitu bank. Di mana bank berikut diketahui sebagai bank tertarik atau penyedia layanan serta intermediari dari pengakut ke penerima.

The withdrawaler is a person who has a giro account at the bank and issues a bilyet. On the other hand, the recipient is an individual account owner whose name is mentioned in the bilyet to receive some money.

The bilyet giro validity period is 70 days from the issuance date. If it exceeds 70 days, the bilyet cannot be used and must issue a new one.

Not only that, but the transfer of funds to bilyets can only be made in the same bank.

Then, what is a check? Check is a non-cash payment instrument in the form of a written letter containing orders from the owner of the fund and given to the recipient of the funds to be disbursed in the bank. Disbursement of funds can only be done at the bank that makes the check.

1. Disbursement of funds

The difference in checking and bilyet giro is the first lies in disbursing the funds. Checks can be directly cashed at the bank. On the other hand, the giro should not be disbursed directly in cash.

Not only that, check payments can be tried when showing the check to the bank. The recipient immediately obtains the funds according to the nominal stated.

In contrast to checking, transfers to the game can only be made on behalf of the account owner and new funds can be transferred if they have reached an effective date.

2. Materai costs

Withdrawal of checks at banks will be subject to a materai budget in accordance with the provisions. On the other hand, the giro attractor is exempt from stamp duty fees.

3. Cash

Cek has a role as the order letter from the account owner to the bank to pay using cash to the individual listed on the check.

On the other hand, the giro has a function as a warrant from the owner of the giro account to the bank to move money to the person listed in the bilyet and has an account registered with a certain bank.

4. Issuance Date and Effective Date

Sometimes the check is only listed on the issuance date because there is a back check. In this type of check, for example, you give a check on January 7, 2021, but it can only be disbursed on January 10, 2021. Usually because the check giver does not have enough funds.

On the other hand, the giro lists the issuance date and effective date in the given bilyet. The issuance date coincides with the creation of a bilyet. The effective date is the enactment of the order to transfer the book from the withdrawal account to the recipient's account.

5. Source of law

The difference in checking and bilyet giro is the last one in the legal source. The legal source applied for checking is the Trade Code (KUHD). On the other hand, the legal source used in the giro is a Bank Indonesia Regulation (PBI).

In addition, also read the definition of the Bank Assignment so that you understand some of the terms in banking.

So after knowing the difference in bilyet giro and check, see other interesting news on VOI.ID, it's time to revolutionize news!