Federal Reserve Wire Network


Federal Reserve Wire Network (Fedwire) is a real-time gross settlement Funds Transfer System operated by the United States Federal Reserve Banks that enables financial institutions to electronically payments between participants.

Transfers can only be initiated by the sending bank once they receive the proper wiring instructions from the receiving bank. These instructions include:

This information is submitted to the Federal Reserve Wire Network.

Once the instructions are received and processed, the Federal Reserve Bank will debit the funds from the sending bank's reserve account and credit the receiving bank's account. Wire transfers sent via Federal Reserve Wire Network are completed in the same day, while some are completed instantly

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