Bank Giro

(redirected from Bank giro credit)
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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.
References in periodicals archive ?
The service comprises the provision of comprehensive banking services, including the maintenance of the Council~s bank accounts, bank statements, presentation of cheques, collections including payable orders and Bank Giro Credits, processing of direct debits & credits (BACS), cash processing, cash withdrawal service, CHAPS payments, procurement cards, pre paid crads, processing debit and credit card transactions and other activities associated with a single tier local authority.
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.