What Is Fednow Service 2025. Banks and credit unions of all sizes can sign up. Below is an overview of 2025 product fee changes and strategic service enhancements.

The fednow service is a new instant payment infrastructure developed by the federal reserve that allows eligible depository institutions of different sizes across the u.s. The federal reserve on thursday announced that its new system for instant payments, the fednow ® service, is now live.