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Are there any banks offering FedNow transfers for their business or personal account holders yet?
by mikece 3y ago
Are there any banks offering FedNow transfers for their business or personal account holders yet?
- halJordan 3y agoYes there are banks using fednow
- toomuchtodo 3y agohttps://www.frbservices.org/financial-services/fednow/certified-organizations https://www.frbservices.org/financial-services/fednow/certif... Notable big boys are Wells Fargo, US Bank, JPMC, and BNY Mellon. Also, the US Treasury (“U.S. Department of the Treasury’s Bureau of the Fiscal Service”). Both counter parties need to be onboarded for the capability to be available.
- mixmastamyk 3y agoSeems to be a dearth of further information. Any screenshots of money transfer forms? When can I use it to pay the IRS? Guess I need to open a bank account with one of these to use it, but would prefer to see something first.
- DANmode 3y agoYour bank will likely have it soon enough.
- patch_cable 3y agoWouldn’t it look like a normal ACH transfer request? Just faster?
- raincom 3y agoI have accounts with WellsFargo and Chase. They don't offer Fednow for customers.
- whoknowswhat11 3y agoMy question too - a lot of names but not seeing actual implementation
- raincom 3y agoStarOne Credit Union in the Bay Area, I heard on reddit, offers p2p using Fednow.