From Longman Dictionary of Contemporary Englishclearing bankˈclearing ˌbank noun [countable] BFBone of the banks in Britain that uses a clearing house when dealing with other banks
Examples from the Corpus
clearing bank• There is nothing to stop you doing most of your business with your main clearing bank if the rates are competitive.• We believe we have more experience in helping franchisees and franchisors than any other clearing bank.From Longman Business Dictionaryclearing bankˈclearing bank British EnglishBANKING one of the High Street banks that ISSUEs and accepts cheques and passes them through the banking system → bank 