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Introducing FedGlobal® ACH Payments: Going where business takes you
The Federal Reserve Banks have introduced FedGlobal ACH Payments, the new face of FedACH International® Services. This newly enhanced suite of services will offer an efficient means for cross-border electronic payments to more than 30 countries around the world.
Country Expansion
The ability to originate international ACH credit payments will be available for the following countries:
| Region/ Country | FX Options | Payment Transfer Options | Availability Date | |||
|---|---|---|---|---|---|---|
| FF-USD | FF-foreign currency (F3X) | FV | Account-to-Account | Account-to-unbanked receiver (A2R) | ||
| Canada |  |
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Now Available | ||
| Mexico | |
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Now Available | |
| Panama | |
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Now Available | |||
| Europe: Austria, Belgium, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom | |
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Now Available | |
| Other Latin America: Argentina, Brazil, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Uruguay | |
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Now Available | ||
New Delivery Choices
As FedGlobal ACH Payments expand, customers will benefit from new alternatives in payment delivery. The standard offering of payments between deposit accounts will continue in some countries.
An option will also be introduced expanding individual (receiver) access to cross-border ACH services for select countries. This option allows funds from accounts at a U.S. depository financial institution to be retrieved by unbanked receivers at either a financial institution or at a trusted, third-party provider in select receiving countries.
Expanded Foreign Exchange Options
Three foreign exchange options will allow customers to take advantage of the efficiencies offered by FedGlobal ACH Payments.
- Fixed-to-Variable (FV): U.S. dollars converted to a variable amount of destination currency based on a competitive exchange rate.
- Fixed-to-Fixed (FF) – USD to USD: Both the transfer and receipt of payments in U.S. dollars.
- Fixed-to-Fixed (FF) – Foreign currency to foreign currency (also known as F3X): Both transfer and receipt of payments in foreign currency.
Additional Information
- Read the March 2009 FedFocus article on FedGlobal ACH Payments
- Read the April 6, 2009 press release on FedGlobal ACH Payments
- Read the April 6, 2009 press release on strategic partnerships in Europe and Panama
- Review the FedGlobal Fact Sheet for additional details
- Visit the IAT Resource Center for more information about IAT implementation
- Visit the FedGlobal ACH Payments page in our FedACH® Service Offerings
For more information on FedGlobal ACH Payments, please contact your contact your FedACH Sales Specialist or use My FedDirectorySM for a list of service and support contacts who can assist you.