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.
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)|
|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||Now Available|
|Other Latin America: Argentina, Brazil, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Uruguay||Now Available|
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.
Three foreign exchange options will allow customers to take advantage of the efficiencies offered by FedGlobal ACH Payments.
Address comments and questions to the Financial Services Webmaster.
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