After describing the nature and use of domestic giro forms and comparing them with checks, the article discusses the clearance of giro transfers, notably paper clearing and electronic clearing, the manual clearing procedures, and clearance through the Bankers' Automated Clearing Services and the Clearing House Automated Payment System. The discussion of international money transfers focuses on methods used, the use of bankers' drafts, mail and telegraphic transfers, and transfers through the Society for Worldwide Interbank Financial Telecommunications. A review of legal issues associated with money transfer orders considers whether they are negotiable instruments; whether the order is an assignment; and the positions of the transferring bank, the correspondent bank, and the recipient bank. Other issues discussed are the time of payment and a countermand and the confidentiality of information. 102 footnotes.