Autogiro is Sweden’s domestic direct debit payment system, allowing businesses and organizations to automatically collect payments from a customer’s bank account on a scheduled due date, provided the customer has signed a payment mandate. The system is operated and governed by Bankgirot, the central Swedish payment infrastructure organization responsible for interbank clearing in Sweden.
To read more about how direct debit logic behind Autogiro works, have a look at Direct Debit.
Key facts about Autogiro:
- First introduced in Sweden in the late 1960s and relaunched in its modern form in the 1990s, making it one of Europe’s longest-standing direct debit systems.
- Approximately 570 million Autogiro transactions are processed in Sweden each year, reflecting its widespread use for recurring payments such as rent, subscriptions, and utility bills.
- Denominated exclusively in Swedish Kronor (SEK) and available only within Sweden – it cannot be used for cross-border or euro-denominated payments.
See also: Direct Debit, SEPA Direct Debit