Electronic bill payment Electronic bill payment Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account. These payments are typically executed electronically as a direct deposit through a national payment system, operated by the banks or in conjunction with the government. Payment is typically initiated by the payer but can also be set up as
Slang terms for money referred to as a "bag" (from the rhyming slang "Bag of Sand"), e.g., £4,000 would be called 4 bags. A "oner" (one-er) has referred to various amounts from one shilling to a pound, to now meaning £100 or £1,000, and a "big one" denoting £1,000. A "oncer" referred particularly to a one-pound note, now defunct. It is also fairly common now in the UK to count backwards from these large denominations using the word "down", e.g. £380 might be "four ton, 20 down" in UK slang. Other rhyming slang expressions for particular quantities of money in the United Kingdom include: