The Federal Reserve recently announced 2024 pricing information for the FedNow^® Service.

Pricing discounts offered in 2023 will continue into 2024 in order to support widespread adoption of the new instant payment service.

Discounts include waiving the $25 monthly service fee ($300 annual value) and discounting the $0.045 customer credit transfer fee on the first 2,500 customer credit transfers per month (up to $1,350 annual value).

Other FedNow Service fees for 2024 include:

• $1.00 liquidity management transfer fee
• $0.01 request for payment fee
• $0.045 return customer credit transfer fee

Click the Read More button below for more information, including a summary of pricing changes and highlights for all Federal Reserve Financial Services.