A Giro account, also known as a current account or checking account, is a type of bank account that allows frequent transactions, withdrawals and deposits. There are several synonyms for the term Giro account that are commonly used around the world. For instance, in the U.S, a Giro account may be referred to as a demand deposit account, while in the U.K it's referred to as a current account. In Canada, a Giro account is known as a chequing account while in Australia it's called a transaction account. Regardless of the term used, Giro accounts are vital financial instruments that provide easy access to funds.