We support receiving instant payments through the Federal Reserve’s FedNow Service at select banks, which enables 24x7x365 real-time gross settlement.

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Managing FedNow Payments

FedNow payments are processed instantly, with funds typically available to the recipient within seconds of the payment being initiated. Unlike ACH transfers which can take 1-3 business days, or wire transfers which are limited to bank business hours, FedNow operates around the clock every day of the year.

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This guide uses the following endpoints

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Example: Incoming FedNow Payment

When a FedNow payment is received, it will post to the recipient’s account as a Transaction. Here’s an example of what a FedNow credit transaction looks like: 
{
  "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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Key Features of FedNow

  • 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: Includes enhanced remittance information with payments

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Webhooks for FedNow Payments

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Webhooks for Incoming FedNow Payments

FedNow payments will trigger the fednow.create webhook when new incoming payments are received, and fednow.update when their status changes.
Example fednow.create Webhook Notification
{
  "event": "fednow.create",
  "op": "create",
  "url": "https://api.treasuryprime.com/fednow/fednow_11ky35224fez5zb",
  "id": "fednow_11ky35224fez5zb"
}

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Identifying FedNow Transactions

FedNow transactions can be identified by looking at the fednow_id field of the Transaction object. For FedNow payments, this field will contain the ID of the incoming fednow object.
ACH Transfers Webhooks Wire Transfers