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Federal Reserve Banks announce 2020 product and fee changes

The Federal Reserve Banks are pleased to announce that, in 2020, our customers will see relatively stable pricing with modest increases for a few services. The Federal Reserve Financial Services price increases planned for 2020 are consistent with changes in prior years and reflect our continuing commitment to maintaining the integrity, security and resiliency of our services. These increases allow us to respond to the evolving market and to continue to meet our obligation of cost recovery.

As always, we strive to meet our customers’ needs and expectations.

An overview of 2020 product and fee changes is provided below. The impact on your institution will depend on your product mix and volume. Details on the specific changes can be found on the Service Fees page and in the 2020 Pricing Announcement Letter.

Services with fees remaining unchanged in 2020:

  • Accounting Services
  • FedACH® Services
  • FedCash® Services
  • FedComplete® Packages
  • Fedwire® Securities Service
  • National Settlement Service

Services with fee changes in 2020:

Fedwire Funds Service

In response to increasing costs resulting from strategic multi-year investments in the resilience and operational efficiency of the Fedwire Funds Service, the per-transfer fees will see modest increases in line with changes over recent years.

Check Services

In light of the continued decline of check volume in the industry, we are making some adjustments to our Check Services fees. As a result, some customers can expect to see modest increases in FedReceipt®, FedImage® and paper deposit fees, as well as changes to some FedForward® and FedReturn® price points.

Consistent with other product lines, we will introduce a monthly Participation Fee. This fee will address the cost of maintaining our Check Services infrastructure in a declining volume environment. We will also create an earlier (4 p.m. ET) FedReturn deadline priced lower than existing deadlines. Adding this new deadline, which is five hours before the current earliest deadline, is part of our continuing goal to encourage faster returns and thereby reduce payment system risk.

Additionally, we will again adjust tier designations. We will eliminate tier 0 from our Premium Daily deposit products, and some endpoints will be reassigned in 2020 to more accurately reflect their current presentment volumes. In response to industry feedback, starting in 2020, we will adjust the frequency of the tier reassignment process from annually to every two years.

FedLine® Solutions

FedLine customers utilizing contemporary solutions, including FedLine Direct®, FedLine Command®, FedLine Advantage® and FedLine Web®, will see no fee increases for these technologies in 2020.

Legacy FedLine Direct and Check 21 Large File Delivery price increases are being introduced to help migrate customers prior to end-of-support dates for these legacy solutions. Timely migration is important to ensure the security and resiliency of the FedLine network.

FedMail® Email (for customers with FedLine Web or above) and FedMail Fax service fees will increase to help address the rising costs of supporting these solutions and to encourage customers to move to contemporary technologies like the FedLine Web Solution.


If you have any questions about product and fee changes or how they may affect your institution, please contact your account executive. The Federal Reserve Board’s press release (Off-site) provides an overview of the fee changes planned for next year. All changes will be effective January 2, 2020.

We value the trust you place in us and our services and look forward to working with you in 2020.