On Nov. 22, Fed reported 2025 service fees increase, enhancements.
Fed published the 2025 financial services fees and payment system enhancements.
Must establish fees to recover costs of providing payment services over the long run.
2025 Enhancements Plan
Plan reflects continued strategic focus of providing secure, best-in-class payment services that are bedrock of economy, benefiting businesses and individuals alike.
FedNow Service risk management features for more control over payment thresholds.
FedDetect Duplicate Notification Service to include detection for commercial checks.
ISO 20022 for Fedwire Funds Service implementation on Mar. 10, 2025, efficiency for domestic, cross-border transactions, encouraging payments landscape innovation.
Will continue the API pilot program while preparing for general availability in 2025.
2025 Pricing Plan
Fed expects to recover 104.1% of actual and imputed expenses in 2025, including return on equity that would have been earned if private-sector firm provided services.
Estimates price changes will result in a 2.8% average price increase for the services.
Adjusting the prices of some services, impact will depend on product mix and volume.
Reported pricing increases for various features for Check Services, FedACH Services, FedLine Solutions, Fedwire Funds Service, and National Settlement Service (NSS).
Effectiveness
All pricing changes will be effective Jan. 1, 2025.
Nov. 2024 Fed Reg Publication
On Nov. 27, 2024, Fed published 2025 fees/payment enhancements in federal register.
Regulators
Fed; FedWire
Entity Types
Bank; Depo
Reference
89 FR 93584, 11/27/2024; PR, Nt OP-1862, 11/22/2024
