What’s new
Key details
- Supported modes: B2B and B2C only across all three networks
- Limits: Fedwire — 1,000,000 USD | RTP and FedNow — 10,000,000 USD per transaction
- Settlement: Fedwire — same day within cutoff | RTP and FedNow — real time, 24/7/365
- Cutoff (Fedwire only): Effective close 6:00 PM ET; early closure at 2:00 PM ET on days preceding US federal holidays
- Beneficiary statement narrative: Ultimate Remitter name + memo field (not guaranteed — subject to recipient bank)
- Merchant onboarding: Entity and UBO details required for all three networks