FedNow

FedNow is a real-time payment and settlement service developed by the Federal Reserve to enable instant money transfers between financial institutions in the United States. FedNow is designed to modernize the U.S. payment infrastructure by enabling:

Instant settlement: Transfer clear and settled within seconds.

Always available: Operates continuously - no downtime on weekends or holidays.

Fed-operated: A central bank service, not a private company.