0 a bank that exchanges cheques with other banks through a central organization called a clearing house
1 in the UK, one of the main banks, that can exchange cheques and other payments between customers of other banks:
Their only access to finance is the local clearing bank.
Moreover, the bank could well be described as a clearing bank with a social conscience but without the philosophy, indeed the powers, of risk-taking.
For too long, the clearing bank cartel has been left untouched.
Individual applications are assessed by the agency concerned and the clearing bank supporting the relevant fund.
Nobody would suggest that the reputable clearing bank involved had acted in anything other than good faith.
I am an executive director of a clearing bank, and a shareholder in that bank.
This has enabled the sterling area like the clearing bank to ensure that all the money in the system was made to do its work.
Indeed, a major clearing bank has already refused to lend one constituent money on the security of his house to develop his private firm.
