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Meaning of automated clearing house | Babel Free

Noun CEFR C1

Definitions

A nationwide electronic funds transfer system that provides for interbank 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.

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

automated driving system automated essay scoring automated machine learning automated manual transmission automated teller automated teller machine

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