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Federal Reserve · Launched 2023
The United States' instant settlement rails, the Clearing House's RTP since 2017 and the Federal Reserve's FedNow since 2023. Flat per-transaction pricing, a fraction of a cent per dollar at any size.
Taken from the provider's own published pricing. Source: FedNow published $0.045 per credit transfer.Official site ↗
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Online pricing across every country where this method is available, with the cost on a $100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| United States | $0.05 | $0.05 | 0.04% | 27 Nov 2025 | Published rate |
Every recorded change, newest first, with the movement from the rate it replaced.
In United States, on the online channel: $0.05, in force since 27 Nov 2025 (published rate). Fees differ by market and channel, and the table above lists each one.
It is priced in 1 market here: United States. A market missing from the list has not been recorded yet, which does not mean FedNow / RTP is unavailable there.
It is recorded as instant. Actual timing can depend on cut-off times and on the receiving account.
Not through a chargeback: it has no chargeback process, so a payment is hard to reverse once sent. Check who you are paying before you confirm.
It is built for sending money rather than for paying at a checkout, so it is listed with its real fees but left out of rankings of the cheapest way to receive a payment.
