Federal Reserve Financial Services Customer Value Programs
Maximize your value from Federal Reserve Financial Services (FRFS) through fee-reducing programs. These programs work together, not exclusively, allowing financial institutions to accumulate benefits across multiple dimensions and create compounding savings.
Contact your relationship manager to understand how to optimize your savings potential.
Available Programs
Access Fee Discount
Savings potential: Receive 25% off the FRFS Access Fee
The FRFS Access Fee is a monthly fee that will be assessed to financial institutions, additional routing transit numbers (RTNs) and payment processors and providers.
Institutions that meet both criteria below will receive a 25% discount on their monthly FRFS Access fees.
- Be both a FedACH® and Retail Payments Premium Receiver
- Have a FedLine Advantage®, FedLine Command® or FedLine Direct® Connection
Enrollment: 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.
FedACH Receipt Discount Program
Savings potential: Varies by FedACH receipt items per month
This program offers a five-year FedACH discount for eligible financial institutions that take action to enroll. Eligible financial institutions must receive at least 1 million items per month through the FedACH Service and qualify as a FedACH Premium Receiver.
Enrollment: Eligible organizations must take action to enroll in the program. View FedACH Receipt Discount Program page for more information.
FedNow® Discount Program
Savings potential: Varies
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.
Enrollment: Contact your relationship manager to help you assess the best path to meet qualifying criteria and support your institutions’ broader FedNow Strategy.