The U.S. really is an outlier among developed nations in that its giro system is not widely used
I wasn't even aware such a thing existed? Or do you mean Zelle, which seems to be some sort of hybrid system... It's not quite a giro system as found in most of EU, more like "PayPal, but built by BofA and CapOne"
I don't do much banking in the U.S. system, but I'm assuming that ACH transfers get you pretty close to a giro system. Apparently, they are quite slow by SEPA's standards.
I wasn't even aware such a thing existed? Or do you mean Zelle, which seems to be some sort of hybrid system... It's not quite a giro system as found in most of EU, more like "PayPal, but built by BofA and CapOne"