A pan-European automated clearing house (PE-ACH) is a clearing house that is able to settle SEPA compliant credit transfers and direct debits across the Eurozone.

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At present there is only one PE-ACH in operation – STEP2 – which was established by the Euro Banking Association in April 2003. According to a survey done by Equens, in the future PE-ACH might be less relevant as banks will settle their transactions via multiple clearing houses^[1] rather than using one central clearing house.