Check Clearing
nounverified· unreviewed·updated Aug 30, 2026
The movement of a check from the depository institution where it was deposited to the institution on which it was written. The funds move in the opposite direction, with a corresponding credit and debit to the involved accounts.
Framework senses
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- The movement of a check from the depository institution where it was deposited to the institution on which it was written. The funds move in the opposite direction, with a corresponding credit and debit to the involved accounts.
- §1 · legacy_primary
- The movement of a check from the depository institution where it was deposited to the institution on which it was written. The funds move in the opposite direction, with a corresponding credit and debit to the involved accounts.DR-088 backfill from the noun definition column