a British financial system in which a bank or a post office transfers money from one account to another when they receive authorization to do so
a note telling a financial institution to transfer money from one account to another
A method of payment used widely in other countries. A giro account is set up at a bank or post office, and funds are electronically transferred from one account to another.
A payment system set up by a group of banks or postal authorities which allows customers of one bank to make payments to customers of any other bank without the use of cash or cheques. The customer simply needs to fill in an instruction form which is passed through a central clearing system operated by the group. Français: Giro Español: Giro bancario, transferencia bancaria
A giro, also called a direct deposit, is a banking term for a method of payment. It is almost the opposite of a cheque, but whereas a cheque is given to the payee who deposits it in his or her bank, a giro is given by the payer to his or her bank, which transfers funds into the payee's bank, directly into their account. Giro is often used by post offices as well.