Pre-incentive and Incentive Transfer Fees (Value or Non-Value Originations and Receipts)
|Tier||Monthly Volume||Per Transfer
(Applies to transfers that exceed 60% of a customer's historic benchmark volume)1
|Tier 1||For Transfers up to 14,000||$0.820||-$0.656||$0.164|
|Tier 2||For Transfers 14,001 - 90,000||$0.245||-$0.196||$0.049|
|Tier 3||For Transfers Over 90,000||$0.170||-$0.136||$0.034|
|Service||Billing Code||Per Transfer Gross Fee/Discount
(As Reflected on Billing Statement)
|Net Fee Per Transfer
(For Informational Purposes Only)
|Gross Pre-Incentive Fee
(Originations and Receipts)
|Tier 1 Pre-Incentive Discount||$0.000||$0.820|
|Tier 1 Incentive Discount1||10026||-$0.656||$0.164|
|Tier 2 Pre-Incentive Discount||10023||-$0.575||$0.245|
|Tier 2 Incentive Discount1||10026||-$0.196||$0.049|
|Tier 3 Pre-Incentive Discount||10024||-$0.650||$0.170|
|Tier 3 Incentive Discount1||10026||-$0.136||$0.034|
|Historic Benchmark Volume
(Provided on billing statement for informational purposes only)1
Use our Fedwire Discount Calculator Tool (XLS) (Updated October 2016) to determine the impact the Fedwire Funds incentive discount will have on a customer's bill.
1 The incentive discounts apply to the volume that exceeds 60 percent of a customer’s historic benchmark volume. Historic benchmark volume is based on a customer’s average daily activity over the previous five calendar years. If a customer has fewer than five full calendar years of previous activity, its historic benchmark volume is based on its daily activity for as many full calendar years of data as are available. If a customer has less than one year of past activity, then the customer qualifies automatically for incentive discounts for the year. The applicable incentive discounts are as follows: $0.656 for transfers up to 14,000; $0.196 for transfers 14,001 to 90,000; and $0.136 for transfers over 90,000.
Please see the Federal Reserve Bank 2017 Business Days calendar below for a list of the total number of business days per month.
|Total Business Days||20||19||23||20||22||22||20||23||20||21||21||20|
|Monthly Participation Fee||10020||$95.00|
|Off-line Origination and Receipt||10011/10015||$60.00|
|End-of-Day Origination Surcharge (after 5:00 PM ET)2||10031||$0.26|
|FedPayments® Manager Import/Export Monthly Fee3||10052||$50.00|
|Surcharge on transfers >$10 million Origination and Receipt||10035/10036||$0.14|
|Surcharge on transfers >$100 million Origination and Receipt||10037/10038||$0.36|
|Payment Notification Origination Surcharge4||10053||$0.20|
|Payment Notification Receipt Volume4,5||10054||N/A|
2This surcharge applies to originators of transfers that are processed by the Reserve Banks after 5:00 p.m. eastern time.
3This fee is charged to any Fedwire Funds participant that originates a transfer message via the FedPayments Manager (FPM) Funds tool and has the import/export processing option setting active at any point during the month.
4Payment Notification and End-of-Day Origination surcharges apply to each Fedwire funds transfer message.
5Provided on billing statement for informational purposes only.
|Delivery of Reports – Hard Copy Reports to On-Line Customers||10016||$50.00|
Effective January 3, 2017