As global business is expanding, the Federal Reserve Banks are keeping pace with customer demand for low-cost, efficient cross-border payments. FedGlobal ACH Payments deliver a wide range of payment options to help meet this demand, combining convenient access with robust customer support. Review the FedGlobal ACH Payments product sheet (PDF) for more information.
We are pleased to announce that effective August 3, 2020, we have expanded the reach of FedGlobal ACH Payments to now include eight additional Single Euro Payments Area (SEPA) countries, specifically Andorra, Azores, Latvia, Lithuania, Madeira, Monaco, San Marino and Vatican City State.
Visit the International Payments Resource Center to review all of your options for making international payments.
FedGlobal ACH Payments offer an efficient means for sending cross-border ACH credit payments to countries around the world, plus debit payments to Canada only. These include:
Distribution of payments between deposit accounts.
A range of foreign exchange options allows financial institutions to take advantage of the efficiencies offered by FedGlobal ACH Payments.
U.S. dollars are converted to a variable amount of destination currency based on a competitive exchange rate. Settlement is between participating U.S. financial institutions and the Federal Reserve Banks in U.S. dollars.
Payments are both transferred and received in U.S. dollars. Settlement is between participating U.S. financial institutions and the Federal Reserve Banks in U.S. dollars.
Payments are both transferred and received in foreign currency. The foreign exchange rate and settlement is managed and processed by participating U.S. financial institutions and the respective foreign gateway operators via their foreign correspondent banks.
1Andorra, Austria, Azores, Belgium, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Madeira, Malta, Monaco, Netherlands, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom and Vatican City State.