Definition of Automated Clearinghouse in English:

Automated Clearinghouse

noun

  • The electronic clearing and settlement system used for financial transactions by US commercial banks and other institutions.

    ACH
    • ‘All processors transmit using the central Automated Clearinghouse, so you know your funds are secure.’
    • ‘To change account information, simply complete an Automated Clearinghouse Application.’
    • ‘These transactions are final within 24 hours and are covered only by the underlying rules and regulations of the National Automated Clearinghouse Association.’
    • ‘The key to successful E-Sharing is the Automated Clearinghouse form, banking information.’
    • ‘Customs Automated Clearinghouse is an electronic payment option that allows participants to pay Customs fees, duties, and taxes electronically.’

Pronunciation:

Automated Clearinghouse

/ˌôdəˌmādid ˈkliriNGˌhous/