Manage episode 348331789 series 3400694
Welcome onboard our Payment journey series!
Today, we continue to breakdown cheques and go a little bit further in details about them.
In this episode, expect to learn:
- What does clearing mean, and how cheques are processed and cleared by the banks
- How banks communicate between each other when it comes to cheques clearing and balance verification
- What a clearing house is and mean, and the example of their functioning especially in the United States and in the United kingdom
And much more!
We hope you will enjoy the episode
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