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What does clearing bank mean?
This is the bank clearing code.

The bank clearing code is the clearing bank number, which refers to the code between banks in the same city. It is mainly used for inter-city bank clearing business, and the clearing bank number is 6 digits. If you don't know your clearing bank number, you can directly call the customer service phone of the issuing bank for consultation.

There are two kinds of clearing codes: domestic clearing codes and foreign clearing codes. The domestic clearing code is also the line number of LaSalle.

The bank code consists of four English letters, and each bank has only one bank code. The bank code is user-defined, usually the initials of the bank, and is applicable to all its branches.

The country code consists of two English letters, which is used to distinguish the country and geographical area where the user is located. The area code consists of two digits or two letters other than 0, 1.

The bank code is different in every region. There is ABA/fed wiro. For domestic dollar transfers; Bank code and branch code of CHATs system for Hong Kong local Hong Kong dollar transfer; CNAPS code; Handling RMB transfer in Chinese mainland; In addition, some countries in Europe may need IBAN.

Extended data:

Every bank has a clearing code, just like each of us has an ID number, and it is different. When handling inter-bank remittance business, we need to enter the clearing bank code of the other party, so that we can transfer money directly.

The bank line number is the code of all foreign business institutions of all banks, which can be used for remittance, transfer and other businesses. Of course, remittance is the most used. Every bank's foreign business office has a thick bank line number code. Large real-time payment system is a system that China People's Bank provides final fund settlement for the payment business among credit cooperatives, commercial banks and China People's Bank, and provides fast, efficient and safe payment and settlement services for inter-bank remittance.

References:

Baidu encyclopedia-bank clearing