clearing bank Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “clearing bank” in the English Dictionary

"clearing bank" in British English

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clearing banknoun [C]

uk   us   UK
a ​bank that ​exchanges cheques with other ​banks through a ​centralorganization called a ​clearinghouse
(Definition of clearing bank from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"clearing bank" in Business English

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clearing banknoun [C]

uk   us   (also clearer) BANKING
in the UK, one of the ​mainbanks, that can ​exchangecheques and other ​payments between ​customers of other ​banks: The four ​clearingbanks in Scotland are Bank of Scotland, Clydesdale Bank, Lloyds TSB and the Royal Bank of Scotland.
(Definition of clearing bank from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “clearing bank”
in Chinese (Simplified) 票据交换银行, 清算银行…
in Chinese (Traditional) 票據交換銀行, 清算銀行…
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