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Treasury Prime provides support for sending and receiving instant payments through the Federal Reserve’s FedNow® Service via select partner banks, enabling real-time gross settlement on a 24/7/365 basis.

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FedNow key features

  • Instant Settlement: Payments settle within seconds, 24/7/365
  • Irrevocable: Like wire transfers, FedNow payments cannot be reversed once sent
  • High Value Limits: Supports large payments to the extent approved by bank partner
  • Rich Data: Payments include enhanced remittance information

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Managing FedNow payments

FedNow processes payments instantly, with funds available to recipients within seconds of initiation. Unlike ACH transfers, which are subject to specific windows during bank business hours, FedNow operates 24/7/365.

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Identifying FedNow transactions on accounts

You can identify FedNow transactions on accounts by checking the fednow_id field in the Transaction object. This field contains the associated FedNow transaction ID.

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Example of incoming FedNow payment account transaction

{
  "ach_id": null,
  "amount": "12.02",
  "balance": "1227.97",
  "billpay_payment_id": null,
  "book_id": null,
  "check_id": null,
  "check_number": null,
  "date": "2025-03-24",
  "desc": "FedNow transfer 202503243211779688172026683739635",
  "human_readable_description": "FEDNOW IN Wilmer Flores, 123456789 *2077, Fastball lessons 202503243211779688172026683739635"
  "extended_timestamp": "2025-03-24T17:20:02Z",
  "extended_timestamp_precise": "2025-03-24T17:20:02.665Z",
  "fednow_id": "fednow_11ky35224fez5zb",
  "fingerprint": "ttx_11gyn76cj5678b",
  "id": "ttx_11gyn76cj5678b",
  "incoming_wire": null,
  "issued_check_id": null,
  "summary": null,
  "trace_id": null,
  "type": "deposit",
  "type_source": null,
  "wire": null,
  "wire_id": null
}

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Identifying FedNow Send/Receive transactions from /fednow endpoint

The payment_type field indicates the direction of a FedNow payment. Inbound FedNow Receive payments appear as credit, while originated FedNow Send payments display as debit.

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Account closure and FedNow

When a ledger account is closed, it’s marked as inactive in the FedNow system. Inactive accounts automatically reject any incoming FedNow payments at the network level and cannot originate any FedNow payments.

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FedNow webhooks

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FedNow send webhooks

Creating a FedNow Send payment will trigger the fednow.create webhook. As the FedNow payment progresses through different statuses, the system will trigger the fednow.update webhook for each status change.

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FedNow receive webhooks

Inbound FedNow payments will trigger the fednow.create webhook when new incoming payments are received, and fednow.update when their status changes.

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Example of fednow.create webhook notification

{
  "event": "fednow.create",
  "op": "create",
  "url": "https://api.treasuryprime.com/fednow/fednow_11ky35224fez5zb",
  "id": "fednow_11ky35224fez5zb"
}

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Example of fednow.update webhook notification

{
  "event": "fednow.update",
  "op": "update",
  "url": "https://api.treasuryprime.com/fednow/fednow_11ky35224fez5zb",
  "id": "fednow_11ky35224fez5zb"
}
FedNow availability varies by bank partner and requires bank approval. Contact your relationship manager to discuss availability and any associated costs.