💸 Electronic transfer 💷 A benefit cheque

giro

1 8.1

A system for sending money directly from one bank account to another

noun
/ˈdʒaɪəʊ/

: giro

I transferred my salary using a giro payment to ensure it reached my bank account quickly.

Examples

The new giro system allows for instant money transfers between accounts.
Many people prefer using a giro to send money to their family overseas directly.
And your Giro's fucking finished, right?

Trainspotting (1996)

Synonyms

hawala

vsgiro

Specialized

2 9.9

A way people send money, often to another country, using trust without banks or moving cash

is an electronic transfer between bank or post office accounts with official records

Compounds

giro account

6.8

An account at a post office or bank that people use to send and receive money

giro cheque

Archaic

8.4

A government paper payment that unemployed people can cash at a bank or post office

Surface Forms

giro singular

giros plural

Etymology

Giro comes from the Italian word giro, meaning 'turn' or 'circle'. It was used for the idea of money moving in a circle between accounts, so a giro now also means a system to transfer money from one account to another.