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: --
He asked whether we should be able to retain our freedom on clearing bank cash reserve ratios.
I believe he was astonished when the clearing bank debited it to his account.
If people deposit in a secondary bank, they will obviously receive a much higher rate of interest than if they deposit in a clearing bank.
I have been asked whether a bid from a clearing bank or a large building society would be acceptable.
The clearing bank figures for advances for the last three months show a reduction of £108 million.
Who will bear the transaction costs of the collection of benefit from the post office when it goes via the clearing bank?
We should not readily discard that tradition in favour of creating just another clearing bank, because that is all we are doing.
Indeed, a major clearing bank has already refused to lend one constituent money on the security of his house to develop his private firm.
