Bank Giro

(redirected from Bank giro credit)
Also found in: Dictionary, Acronyms.

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.
References in periodicals archive ?
DataStoreDSX is also fully integrated with the bank's cheque processing software to handle daily transactional activities, such as SWIFTS, Bank Giro Credits, Credit Transfers, Fixed Assets and Supplier Invoices.
22 computer printouts showing direct debits and bank giro credits were among 1300 personal details found outside a branch in Giffnock, Glasgow.