It Is Used In Check Clearance Fittings​

it is used in check clearance fittings​

QUESTION:

It is used in check clearance fittings

MY ANSWER:

Check clearing is simply a process whereby funds move from one account to another to settle a check payment. The amount is usually credited to the bank account of deposit and an equivalent amount debited at the bank from which it is drawn. … The bank then requests the money from the check writer’s bank.