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Treasury Prime supports sending and receiving instant payments through the Federal Reserve’s FedNow Service at select partner banks, enabling real-time gross settlement 24/7/365.

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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 (please discuss limits with your bank)
  • 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 that take 1-3 business days or wire transfers restricted to 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.
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