Discontinuation of FedGlobal® ACH Payments to Canada and Europe
February 22, 2023
After thorough consideration and evaluation, Federal Reserve Financial Services has determined that FedGlobal® ACH Payments service to Canada and Europe1 will be discontinued in the coming months.
This change has no impact on FedGlobal ACH Payments services to Mexico and Panama, and no bearing on the Foreign Check Collection Service. The Federal Reserve will continue its payments improvement initiatives surrounding cross-border payments.
- The FedGlobal ACH Payments Europe service will accept forward items originated through April 27, 2023; return items will be allowed to flow from Europe through July 31, 2023.
- The FedGlobal ACH Payments Canada service will accept forward items originated through June 30, 2023; return items will be allowed to flow from Canada through Sept. 29, 2023.
Please understand that we appreciate the challenges and inconveniences that this difficult decision may create for your institution. If you have questions or concerns regarding this notice of service discontinuation, please contact your relationship manager.
1A complete listing of countries included in the FedGlobal ACH Payments Europe Service can be found at FedGlobal ACH Payments