FedNow®
Instant payment rail
Take full advantage of the Federal Reserve’s real-time payment system allowing you to transfer funds instantly, 24/7. It enables immediate clearing and settlement, making payments available within seconds and improving efficiency for everyone.
Take advantage of low cost modern payments
Major benefits
- Peer-to-peer money transfers
- Business-to-business money transfers
- Set up direct deposit or other payouts
The power of FedNow®
Anytime, anywhere payments
24/7/365 real-time processing for payment transactions in the US.
Transaction monitoring
User receives real-time confirmations for transactions.
Expanding access
As FedNow® adoption grows, so do your opportunities to attract new customers.
Frequently Asked Questions
What are the FedNow@ transaction limits?
Credit transactions are limited to $500,000.
What are differences between FedNow® and RTP®?
Each are operated by different entities and meant the provide customers with more options to send real-time transactions. Both payment rails provide instant settlement of funds at accounts maintained with the Federal Reserve. FedNow® transactions are settled directly in the master accounts of the debtor and creditor. In contrast, RTP® transactions settle between the debtor’s and creditor’s positions within a separate joint account.