Idiom: to clear the bank

[charlie banker]

Business English Lesson, Advanced Level

ESL/EFL Test #108 "Payroll policy in the USA", question 9

An ......... check is one that you have written and deducted from your checkbook balance but has not yet cleared the bank.

(a) intermediate
(b) overdue
(c) outstanding
(d) overdrawn

Business English Lesson, Advanced Level

ESL/EFL Test #108 "Payroll policy in the USA", answer 9

An outstanding check is one that you have written and deducted from your checkbook balance but has not yet cleared the bank.

Correct answer: (c) outstanding
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What does "to clear the bank" mean?

[Mister Micawber]

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To clear the bank is to be cashed and the cancelled cheque to be returned to your bank and recorded as deducted from your account.
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Native English teacher at Mister Micawber's