Giro
/ˈdʒaɪrəʊ/noun
A system of transferring money used in Europe, similar to a check in America.
The company sends the payment by giro.
Often appears as...
- transfer by giro
- giro payment
Definition 1 of 2
Pro Tip 1/3Payment Method
Giro involves transferring money directly between bank accounts, without physical cheques.
I received my refund via giro.
Pro Tip 2/3Not Worldwide
Although common in Europe, 'giro' may be unfamiliar elsewhere, where terms like 'wire transfer' are used.
In Asia, we commonly use wire transfers instead of a giro.
Pro Tip 3/3Financial Institutions
Giro systems are often associated with post offices and banks in many European countries.
My local post office offers giro services.
Compare with
depositdraftpaymentremittancetransactiontransferwirewithdrawal
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