![Chips](https://img-cdn.financeunlocked.com/headers-images/euromoney/1.jpg?ik-sdk-version=javascript-1.0.3)
Glossary
Banking
Chips
Chips, the Clearing House Interbank Payments System, is a United States private clearing house for large value transactions. Alongside Fedwire, it works the primary US network for large value domestic and international US dollar payments.