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Automated Clearinghouse

Syllabification: Au·to·mat·ed Clear·ing·house
Pronunciation: /ˌôdəˌmādid ˈkliriNGˌhous
 
/

Definition of Automated Clearinghouse in English:

noun

The electronic clearing and settlement system used for financial transactions by US commercial banks and other institutions.
Example sentences
  • These transactions are final within 24 hours and are covered only by the underlying rules and regulations of the National Automated Clearinghouse Association.
  • To change account information, simply complete an Automated Clearinghouse Application.
  • All processors transmit using the central Automated Clearinghouse, so you know your funds are secure.

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