For the past several years, Federal Reserve Financial Services (FRFS) has worked with the industry to prepare for the upcoming ISO 20022 implementation for the Fedwire Funds Service on July 14, 2025.
As announced on June 18, FRFS will move forward with implementing the new ISO 20022 message format on July 14, as planned.
The Fedwire Funds Service’s ISO 20022 software and production infrastructure will remain unchanged. We recommend that customers and vendors continue to test and verify their internal procedures through July 11.
Looking ahead
Between now and the service close on July 11, ensure that you review all the action items outlined in the curated preparedness checklist below that best applies to your institution.
- FedLine Direct® customer or service provider with own connection (PDF)
- FedLine Direct customer using a service provider (PDF)
- FedLine Advantage® import/export user (primary/backup) of FedPayments® Manager – Funds (PDF)
- FedLine Advantage manual entry and template user of FedPayments Manager – Funds (PDF)
We appreciate the work, time and resources you have put into preparing for the new ISO 20022 standard.
Please reach out to Fedwire.Funds.Format@ny.frb.org, your relationship manager or the Support Center with any questions.
