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Bank Giro

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Bank Giro
A transfer of funds between banks without using a check. A giro transfer can be accomplished electronically or through the mail. It usually processes faster than a check. It originated in Europe, where in some countries it has largely replaced the use of checks, especially in international transactions.


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Alternative methods of payment include: direct debit, standing order, cheques by post, bank giro credit, debit card, Post Office/ paypoint and credit card.
CLYDESDALE BANK 22 computer printouts showing direct debits and bank giro credits were among 1300 personal details found outside a branch in Giffnock, Glasgow.
A bank spokesman said: "She debited her account and filled in a bank giro credit to pay Farepak.
 
 
 
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