Clearing house interbank payment system

• The most important wire transfer service; operated by international banking consortia.

• Banks and other financial intermediaries send most of their wholesale payments electronically either through Fedwire or Clearing House InterBank Payment System (CHIPS). All claims sent on CHIPS clear at the end of the day.

• Abbreviated CHIPS. An international wire transfer system for high-value payments operated by a group of major banks.

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Financial intermediaries
Wire transfer
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Helping Disabled or Elderly Relatives With Money Management, Even From Far Away: Millions of people serve as financial caregivers for ill or elderly spouses, parents, children or other loved ones. They perform services that include paying bills, handling deposits and investments, filing insurance claims and preparing taxes. Because this role can be costly and physically and emotionally exhausting, especially for a caregiver who lives far away or has the usual time-demands, FDIC Consumer News offers some suggestions. More...

Beware of small expenses; a small leak will sink a great ship. - Benjamin Franklin (1706-1790)


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