Green’s Dictionary of Slang

1. a bank.

2002

D. Shaw ‘Dead Beard’ at www.asstr.org 🌐 Having a good business and a few quid in the pedal and crank, I like to enjoy myself, and one of the best ways to do that is going on holiday right in the middle of winter.

2. (Irish, also pedal, peddle and crank) an act of masturbation [= wank n. (1)].

2001		G. Coughlan Everyday Eng. and Sl. 🌐 Pedal and crank (n): wank.
2003		B. Dark Dirty Cockney Rhy. Sl. 87: peddle and crank wank.
2005		Roger’s Profanisaurus in Viz Apr. 48: pedal n. rhym. sl. An act of self pollution.