FedNow® Service Operating Hours
General Operating Hours1
The FedNow Service operates on a 24-hour funds transfer business day (FedNow Service Funds Transfer Business Day) each day of the week, including weekends and Federal Reserve Bank holidays. The FedNow Service Funds Transfer Business Day differs from the calendar day from the start of each FedNow Service Funds Transfer Business Day at approximately 7:01 p.m. ET until midnight on that calendar day.
As described in Operating Circular 8, the Federal Reserve Banks may delay the start of a new FedNow Service Funds Transfer Business Day or otherwise extend a cutoff time for the FedNow Service.
For purposes of Regulation J and Article 4A, the Federal Reserve may treat any payment messages received within the time limit set forth in the FedNow Service Operating Procedures prior to the end of a FedNow Service Funds Transfer Business Day (also referred to as cycle date rollover) as if those payment messages were received on the next FedNow Service Funds Transfer Business Day.
Operating Hours for Instant Payment Messages
- The FedNow Service begins processing Instant Payment Messages for the next FedNow Service Funds Transfer Business Day at approximately 7:01 p.m. ET on the previous calendar day.
- The FedNow Service ends processing of Instant Payment Messages for the current FedNow Service Funds Transfer Business Day and rolls over to the next at approximately 7:01 p.m. ET on each calendar day.
- The start of each FedNow Service Funds Transfer Business Day immediately follows the end of the previous FedNow Service Funds Transfer Business Day, with no disruption in message or transaction processing.
Operating Hours for Liquidity Management Transfer (LMT) Payment Messages
The FedNow Service LMT processing hours are 7 p.m. ET – 7 a.m. ET on weekdays and 24 hours per day on weekends and Federal Reserve holidays.
| FedNow Service Funds Transfer Business Day | LMT Processing Hours |
|---|---|
| Monday | Sunday 7 p.m. ET – Monday 7 a.m. ET |
| Tuesday | Monday 7 p.m. ET – Tuesday 7 a.m. ET |
| Wednesday | Tuesday 7 p.m. ET – Wednesday 7 a.m. ET |
| Thursday | Wednesday 7 p.m. ET – Thursday 7 a.m. ET |
| Friday | Thursday 7 p.m. ET – Friday 7 a.m. ET |
| FedNow Service Funds Transfer Business Day | LMT Processing Hours |
|---|---|
| Saturday | Friday 7 p.m. ET – Saturday 7 p.m. ET |
| Sunday | Saturday 7 p.m. ET – Sunday 7 p.m. ET |
| FedNow Service Funds Transfer Business Day | LMT Processing Hours |
|---|---|
| Holiday | Evening prior to the holiday 7 p.m. ET – 7 p.m. ET on the day of the holiday |
Standard business days and hours
As described in the Support appendix of the FedNow Service Operating Procedures, certain activities may not be available outside of standard business days for the Federal Reserve Banks. Standard business days are weekdays, other than a Federal Reserve holiday listed on FRBservices.org, in which the Federal Reserve Banks are open during core operating hours (typically 8:30 a.m. to 5 p.m. ET).
Footnote
1A scheduled maintenance window has been established every Sunday from 2 a.m. ET – 8 a.m. ET for a limited time following the launch of the FedNow Service. During this window, the FedNow Service is not available.