automated clearing house

English - English

Definition of automated clearing house in English English dictionary

A nationwide electronic funds transfer system that provides for inter-bank clearing of electronic payments, such as credit card transactions. An ACH transaction is an electronic fund transfer through the Federal Reserve Bank from a checking or savings account

Ach

Related Terms

automated clearing houses

plural form of automated clearing house

Hyphenation

au·to·ma·ted clear·ing House

Turkish pronunciation

ôtımeytîd klîrîng haus

Pronunciation

/ˈôtəˌmātəd ˈklərəɴɢ ˈhous/ /ˈɔːtəˌmeɪtɪd ˈklɪrɪŋ ˈhaʊs/