Meaning & use
giro credit
Last updated
Meanings
nouncountableBritishfinance
A payment made directly into a bank account, especially one arranged by a government or employer.
Grammar: Countable: a giro credit, giro credits. Mainly British; the giro system pays benefits and wages straight into accounts.
Patterns
- a giro credit into an account
- pay by giro credit
Her wages arrive as a giro credit on the last working day of the month.
The benefit was paid as a giro credit rather than in cash.
nouncountableBritishfinance
A paper slip used to pay money into someone's account at a bank or post office.
Grammar: Countable; often appears on forms as 'giro credit slip'.
Patterns
- fill in a giro credit slip
- a giro credit form
Fill in the giro credit slip and hand it to the cashier.
She kept the giro credit as proof of payment.
Word forms
| plural | giro credits |
|---|
Common combinations
- pay by giro credit
- Some employers still pay by giro credit.
- a giro credit slip
- Write your account number on the giro credit slip.
- receive a giro credit
- Pensioners receive a giro credit each month.
- a giro credit transfer
- The money came through as a giro credit transfer.
Synonyms and how they differ
- bank transfer
- A more general term for money moved between accounts; giro credit is the British term linked to the giro payment system.
- direct deposit
- The usual American phrase for wages paid straight into an account.
Word family
- giro noun
- The British system for paying benefits and wages directly into accounts.
Commonly confused: giro credit or credit?
giro credit vs credit
Credit is a general word for borrowed money or trust; a giro credit is a specific type of bank payment.
Practice
What does 'giro credit' mean?
Choose one answer.
A giro credit is money paid straight into an account, often benefits or wages. It is not a loan, a card, or a fee.
Make it your own
Write a sentence using “giro credit”, then check it and compare it with the examples above.