The Ops Stop provides your organization with a one-stop shop full of helpful operational resources offered by the Federal Reserve Banks. This month, we are featuring the Service Fees page, which provides detailed information on the pricing for Federal Reserve Financial Services.
In early February, your institution should receive its first invoice of 2021 for Federal Reserve Financial Services. As announced in November 2020, our customers will see fees remain flat with the exception of the monthly Check Services Participation Fee. Last July, the Board of Governors announced its intent to keep price changes minimal in 2021. This approach recognizes the uncertainties created by the COVID-19 pandemic and the difficulty in applying standard forecasting tools in this environment. We will continue to make investments in our products and services to help maintain the security and resiliency of the payments system.
Pricing for the following services remains unchanged in 2021:
- Accounting Services
- FedACH® Services
- FedCash® Services
- FedComplete® Packages
- FedLine® Solutions
- Fedwire® Funds Service
- Fedwire Securities Service*
- National Settlement Service
*Applies to Fedwire Securities Service fees set by the Federal Reserve Banks. Fees and surcharges related to U.S. Treasury Securities transfers are set by the U.S. Department of the Treasury.
Pricing for the following service will change in 2021:
- Check Services
Effective January 4, 2021, the monthly Check Participation Fee transitioned from a single price point of $25 to a new tiered pricing structure with fees ranging from $40 to $135.
The impact on your institution will depend on your product mix and volume. Details on specific changes can be found on the Service Fees page on FRBservices.org®. This page includes links to both 2020 and 2021 fee schedules for all of our services.
If you have any questions about product and fee changes or how they may affect your institution, please contact your account executive. For questions related to your bill, please look up your Accounting Services contacts by entering your ABA in the “Find Your Contacts” field on the Contact page.