Fedwire® Funds Service

The Fedwire Funds Service is the world's largest high-speed electronic payment system. Fedwire participants can use the Fedwire Funds Service to send or receive time-critical payments for their own account or on behalf of corporate or individual clients. This service can also be used to provide cash concentration payments, settle positions with other financial institutions or clearing arrangements, submit federal tax payments and buy and sell Federal Reserve funds.

The Fedwire Funds Service is a real-time, gross settlement system. This means that each transaction is processed individually and settled upon receipt via a highly secure electronic network. Settlement of funds is immediate, final and irrevocable. The Fedwire Funds Service consistently exceeds availability standards and operates 21.5 hours each business day from 9:00 p.m. EST on the preceding calendar day to 6:30 p.m. EST.

Discover how Fedwire Funds Service can benefit your financial institution

To start using this service, visit Fedwire Funds Service Setup or contact your account executive.

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