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Home > QFINANCE Dictionary > Definition of automated clearing house

Definition of

automated clearing house

Banking

computerized network for interbank transactions ATM systems for interbank clearing and settlement of financial transactions. The network is also used for electronic fund transfers from a checking or savings account.

Related definitions of "automated clearing house"

Definitions of ’automated clearing house’ and meaning of ’automated clearing house’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’automated clearing house’ and other financial terms with our online QFINANCE Financial Dictionary.

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