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What is the maximum amount for FedNow?

The maximum amount for a FedNow credit transfer is $100,000. Financial institutions can lower or raise their credit transfer limit to $500,000. The Federal Reserve will evaluate the credit transfer limit on an ongoing basis and adjust as appropriate.

Transfer limits for payment rails including FedNow, RTP, and Same Day ACH are listed below.

Transfer Limit




$1 Million

Same-day ACH

$1 Million

Connie Theien, SVP at the Federal Reserve System, explains the differences between FedNow and other payment rails. Watch the full conversation here.

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FedNow is a new payment rail that enables faster bank payments for financial institutions of any size, in any community, 365 days of the year.

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No, FedNow does not use blockchain technology and is not a blockchain payment rail.

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Both businesses and consumers can access FedNow if their bank offers it.

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One primary benefit of FedNow is that it will likely open up instant payment services to more financial institutions, including smaller, community banks.

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The timeline for FedNow centers around a July 2023 launch date.

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FedNow is different from RTP because they are each distinct payment rails.

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