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Giro
01
a predominantly european system that allows different institutions within a country to electronically transfer money
02
a check given by the British government to someone who is unemployed; it can be cashed either at a bank or at the post office
giro
n
autogiro
n
autogiro
n
Example
Businesses often prefer the giro method for payroll because it ensures that employees receive their salaries promptly and efficiently.
The introduction of the giro system significantly reduced the reliance on paper checks, streamlining the process of moving funds electronically.
Many European countries use the giro system to facilitate fast and secure electronic money transfers between different banks and institutions.
When traveling within Europe, Jack found it convenient to use the giro system for transferring money between his accounts in different countries.
By utilizing the giro system, Maria was able to pay her utility bills directly from her bank account without needing to write a check.
