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Clearing House
A clearing house acts as a “middleman” between banks, allowing them to transfer funds as directed by bank customers. There are various clearing house networks around the world, including Automated Clearing House (ACH) in the US, Single Euro Payments Area (SEPA) in Europe and Direct Entry / Bulk Electronic Clearing System (BECS) in Australia. Please see ACH for more information.
The Monito Glossary
When it comes to moving money, don't let yourself be bogged down by all the jargon. Explore The Monito Glossary to get up to speed with everything you need to know about money transfers.
Other Popular Money Transfer Definitions
Why Trust Monito?
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.
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Monito is trusted by 15+ million users across the globe.
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