Federal Reserve Banks to expand cross-border ACH payments reach
July 2, 2020
Global business continues to expand and the Federal Reserve Banks remain committed to providing low-cost, efficient cross-border ACH payments to financial institutions of all sizes.
Enhancing our service
For the past 20 years, FedGlobal® ACH Payments have been delivering a wide range of payment options to help meet global demand. We are pleased to announce that, in August 2020, we will expand the reach of FedGlobal ACH Payments from 25 to 33 countries. FedGlobal ACH payment destinations will now include additional Single Euro Payments Area (SEPA) countries including:
- San Marino
- Vatican City State
The Federal Reserve Banks are committed to developing innovative options to meet your changing payments needs. This expansion will enhance our suite of cross-border ACH services helping financial institutions provide solutions to their customers’ expanding global payment needs.
To get started today, visit the Service Setup page on FRBservices.orgSM or contact your account executive. If your institution is currently enrolled in the FedGlobal ACH Europe service, these countries will be automatically available with your subscription.