2027 Pricing and Product Changes Summary
Below is a summary of 2027 pricing and product changes which will be effective on Jan. 1, 2027. The impact of the fee changes on your financial institution will depend on your product mix and volume. An overview, as well as details on specific changes, can be found via our Service Fees page.
Background
In 2027, we will take the first step in a multiyear initiative to simplify and modernize our pricing structure and provide new opportunities to maximize savings by eliminating or reducing connectivity fees for FedLine® Solutions and introducing an FRFS Access Fee.
FRFS Access Fee
What is it? A monthly fee that will be applied to both the primary (parent) routing transit number (RTN) and secondary (additional) RTN levels, as well as payment processors and providers. Under this new model, we are eliminating connectivity fees for the FedLine Web® and FedLine Advantage® Solutions. Additionally, eligible institutions will benefit from up to 10 Subscribers and two VPN devices, previously billed separately. We are also reducing connectivity fees for the FedLine Command® and FedLine Direct® Solutions, making these advanced connectivity options more accessible to institutions that desire more flexibility and automation opportunities.
How does it work? Institutions will automatically be billed for the FRFS Access Fee starting January 1, 2027.
Access Fee Discount
What is it? Institutions that have a FedLine Advantage, FedLine Command or FedLine Direct connection and are Premium Receivers for both FedACH® and Check Services will receive a 25% discount on their monthly FRFS Access fee.
How does it work? Eligible institutions will receive a credit, appearing as a separate line item on their monthly billing statement. No action is required. Institutions that become eligible during 2027 will be enrolled automatically.
FedNow® Discount Program
What is it? The FedNow Discount Program is available to new and existing FedNow Participants and offers targeted financial discounts, delivered through statement credits, to support institutions in activating and scaling instant payments while also benefitting from a host of value-add services.
How does it work? Contact your relationship manager to help you assess the best path to meet qualifying criteria and support your institutions’ broader FedNow Strategy.
The Access Fee Discount and the FedNow Discount Program join a broader suite of Customer Value Programs. These programs work together, not exclusively, allowing financial institutions to accumulate benefits across multiple dimensions and create compounding savings.
FRFS Service-Specific Pricing Changes
The pricing for the following areas will remain unchanged in 2027. However, institutions that use these services may see decreased costs from simplified FedLine Subscriber fees under the FRFS Access Fee described above.
The following areas will see pricing changes in 2027:
- Check Services
- Informed by input from the Federal Reserve Board’s December 2025 request for comment, we will make strategic changes to Check Services in 2027 to help us maintain reliable core Check processing offerings, while managing costs and revenue. We will continue to assess the need for any future changes over the next several years. Advanced notice of any changes would be provided through existing channels, such as through the Board’s announcement of future fee schedules or the Reserve Banks’ routine customer engagement and industry outreach. Planned changes for 2027 include:
- Standard weekend and holiday processing maintenance windows will be extended from 16 to 39 hours to align with other systems, effective May 2027. This ensures sufficient time for ongoing service maintenance and platform management.
- Additionally, Presentment Point Services (Basic & Enhanced) as well as SDS Presentment will be discontinued.
- Informed by input from the Federal Reserve Board’s December 2025 request for comment, we will make strategic changes to Check Services in 2027 to help us maintain reliable core Check processing offerings, while managing costs and revenue. We will continue to assess the need for any future changes over the next several years. Advanced notice of any changes would be provided through existing channels, such as through the Board’s announcement of future fee schedules or the Reserve Banks’ routine customer engagement and industry outreach. Planned changes for 2027 include:
- FedCash Services
- The cross-shipping fee will increase per bundle.
- FedLine Solutions
- The cost of FedMail® will increase.
- The connectivity fees for the FedLine Web® and FedLine Advantage® Solutions will be eliminated and the connectivity fees will be reduced for the FedLine Command® and FedLine Direct® Solutions.
- Some services previously bundled within a FedLine Solution package will now be a la carte.
- FedLine Direct customers that have not completed necessary changes as part of the migration of WAN circuits will be assessed a monthly surcharge.
- FedNow Service
- No service specific-pricing changes
- The FedNow Discount Program will offer targeted financial discounts, delivered through statement credits to support institutions in activating and scaling instant payments
- Fedwire Funds® Service
- Some item fees will increase minimally to prepare for the Fedwire Funds and National Settlement Services to expand to six operating days in 2028 or 2029
- Fedwire Securities
- Transfer fees and monthly maintenance fees will be decreased.
- Multiservice Solutions
- The FRFS Access Fee, Access Fee Discount and FedNow Discount Program will be introduced.
In addition to the specific changes noted for each service area, institutions that use these services may see decreased costs from simplified FedLine® Subscriber fees under the FRFS Access Fee described above.
Additional resources
If you have questions about fee changes or how they may affect your institution, please contact your relationship manager or our Support Center.
The Federal Reserve Board’s press release (Off-site) and Federal Register notice outline more detail on the fee changes planned for 2027.