4 ms·
The network limit is $500,000 per transaction, although individual participants can set specific lower limit, which is defaulted to $100,000. Furthermore any e
by jsmith45 3y ago
The network limit is $500,000 per transaction, although individual participants can set specific lower limit, which is defaulted to $100,000.
Furthermore any end user interface provided by the bank could have its own limit, since FedNow is just a backend service, frontends are up to each participating provider.