2021 Electronic Check Collection Fee Schedule

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FedForward Deposit Fees and DeadlinesFootnote 1
(all Billing Codes in Service Area 1521)

Standard Image Cash LetterFootnote 2

SAME DAY AVAILABILITYFootnote 3

Deposit Deadline 9:00 PM ET Su-Th 1:00 AM ET M-F 5:00 AM ET M-F 9:30 AM ET M-F
Cash Letter Fee $4.50 $6.50 $8.50 $10.50
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 50000 $0.007 50060 $0.018 50120 $0.057 50180 $0.072
FedReceipt Endpoints - Tier 2 50001 $0.017 50061 $0.028 50121 $0.067 50181 $0.082
FedReceipt Endpoints - Tier 3 50002 $0.027 50062 $0.038 50122 $0.077 50182 $0.092
FedReceipt Endpoints - Tier 4 50009 $0.037 50069 $0.048 50129 $0.087 50189 $0.102
Substitute Check Endpoints 50003 $0.200 50063 $0.200 50123 $0.200 50183 $0.200

Premium Image Cash LetterFootnote 2

SAME DAY AVAILABILITYFootnote 3

Deposit Deadline 9:00 PM ET Su-Th 1:00 AM ET M-F 5:00 AM ET M-F 9:30 AM ET M-F
Cash Letter Fee $30.00 $30.00 $30.00 $30.00
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 50410 $0.003 50420 $0.014 50430 $0.053 50440 $0.068
FedReceipt Endpoints - Tier 2 50411 $0.013 50421 $0.024 50431 $0.063 50441 $0.078
FedReceipt Endpoints - Tier 3 50412 $0.023 50422 $0.034 50432 $0.073 50442 $0.088
FedReceipt Endpoints - Tier 4 50419 $0.033 50429 $0.044 50439 $0.083 50449 $0.098
Substitute Check Endpoints 50413 $0.200 50423 $0.200 50433 $0.200 50443 $0.200

Deferred Image Cash Letter

NEXT DAY AVAILABILITYFootnote 3

Deposit Deadline 1:00 AM ET M-F 5:00 AM ET M-F 9:30 AM ET M-F
Cash Letter Fee $4.50 $4.50 $4.50
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 51500 $0.007 51510 $0.009 51520 $0.011
FedReceipt Endpoints - Tier 2 51501 $0.017 51511 $0.019 51521 $0.021
FedReceipt Endpoints - Tier 3 51502 $0.027 51512 $0.029 51522 $0.031
FedReceipt Endpoints - Tier 4 51509 $0.037 51519 $0.039 51529 $0.041
Substitute Check Endpoints 51503 $0.200 51513 $0.200 51523 $0.200

Dollar–Culled Image Cash Letter

SAME DAY AVAILABILITYFootnote 3 (Items of $1,000 or higher, except those that are drawn on Substitute Check endpoints)

Deposit Deadline 9:00 PM ET Su-Th 1:00 AM ET M-F 5:00 AM ET M-F
Cash Letter Fee $4.50 $6.50 $8.50
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 52020 $0.009 52160 $0.020 52100 $0.059
FedReceipt Endpoints - Tier 2 52021 $0.019 52161 $0.030 52101 $0.069
FedReceipt Endpoints - Tier 3 52022 $0.029 52162 $0.040 52102 $0.079
FedReceipt Endpoints - Tier 4 52029 $0.039 52169 $0.050 52109 $0.089

NEXT DAY AVAILABILITYFootnote 3 (Items of less than $1,000, plus those items $1,000 or higher that are drawn on Substitute Check endpoints)

Deposit Deadline 9:00 PM ET Su-Th 1:00 AM ET M-F 5:00 AM ET M-F
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 52030 $0.009 52170 $0.009 52110 $0.011
FedReceipt Endpoints - Tier 2 52031 $0.019 52171 $0.019 52111 $0.021
FedReceipt Endpoints - Tier 3 52032 $0.029 52172 $0.029 52112 $0.031
FedReceipt Endpoints - Tier 4 52039 $0.039 52179 $0.039 52119 $0.041
Substitute Check Endpoints 52033 $0.200 52173 $0.200 52113 $0.200

Endpoint–Culled Image Cash LetterFootnote 4

SAME DAY AVAILABILITYFootnote 3

Deposit Deadline 12:00 PM ET M-F
Cash Letter Fee $10.50
Product/Tier Billing Code Per Item Fee
FedReceipt Endpoints - Non-Premium Delivery Routing Numbers - Tier 1 51601 $0.077
FedReceipt Endpoints - Non-Premium Delivery Routing Numbers - Tier 2 51602 $0.087
FedReceipt Endpoints - Non-Premium Delivery Routing Numbers - Tier 3 51603 $0.097
FedReceipt Endpoints - Non-Premium Delivery Routing Numbers - Tier 4 51604 $0.107

NEXT DAY AVAILABILITYFootnote 3

Deposit Deadline 12:00 PM ET M-F
Product/Tier Billing Code Per Item Fee
FedReceipt Endpoints - Premium Delivery Routing Numbers - Tier 1 51611 $0.016
FedReceipt Endpoints - Premium Delivery Routing Numbers - Tier 2 51612 $0.026
FedReceipt Endpoints - Premium Delivery Routing Numbers - Tier 3 51613 $0.036
FedReceipt Endpoints - Premium Delivery Routing Numbers - Tier 4 51614 $0.046
Substitute Check Endpoints 51619 $0.200

Standard Daily Fee A Image Cash LetterFootnote 2

SAME DAY AVAILABILITYFootnote 3

Daily Fixed Fee - $250 (Billing Code 50403)
Deposit Deadline 1:00 AM ET M-F 9:30 AM ET M-F
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 50480 $0.003 51481 $0.018
FedReceipt Endpoints - Tier 2 50481 $0.014 51482 $0.029
FedReceipt Endpoints - Tier 3 50482 $0.024 51483 $0.039
FedReceipt Endpoints - Tier 4 50489 $0.035 51484 $0.050
Substitute Check Endpoints 50483 $0.200 51486 $0.200

Standard Daily Fee B Image Cash LetterFootnote 2

SAME DAY AVAILABILITYFootnote 3

Daily Fixed Fee - $400 (Billing Code 50404)
Deposit Deadline 5:00 AM ET M-F 9:30 AM ET M-F
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 50490 $0.003 51491 $0.018
FedReceipt Endpoints - Tier 2 50491 $0.014 51492 $0.029
FedReceipt Endpoints - Tier 3 50492 $0.024 51493 $0.039
FedReceipt Endpoints - Tier 4 50499 $0.035 51494 $0.050
Substitute Check Endpoints 50493 $0.200 51496 $0.200

Premium Daily Fee A Image Cash LetterFootnote 5

SAME DAY AVAILABILITYFootnote 3

Daily Fixed Fee - $900 (Billing Code 50390)
Deposit Deadline 5:00 AM ET M-F 12:00 PM ET M-F
Cash Letter Fee   $25.00
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 51411 $0.002 51421 $0.012
FedReceipt Endpoints - Tier 2 51412 $0.014 51422 $0.024
FedReceipt Endpoints - Tier 3 51413 $0.022 51423 $0.032
FedReceipt Endpoints - Tier 4 51414 $0.036 51424 $0.046
Substitute Check Endpoints 51416 $0.200 51426 $0.200

Premium Daily Fee B Image Cash LetterFootnote 5

SAME DAY AVAILABILITYFootnote 3

Daily Fixed Fee - $1,900 (Billing Code 50380)
Deposit Deadline 5:00 AM ET M-F 12:00 PM ET M-F
Cash Letter Fee   $25.00
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 51431 $0.002 51441 $0.012
FedReceipt Endpoints - Tier 2 51432 $0.012 51442 $0.022
FedReceipt Endpoints - Tier 3 51433 $0.020 51443 $0.030
FedReceipt Endpoints - Tier 4 51434 $0.034 51444 $0.044
Substitute Check Endpoints 51436 $0.200 51446 $0.200

Premium Daily Fee C Image Cash LetterFootnote 5

SAME DAY AVAILABILITYFootnote 3

Daily Fixed Fee - $3,700 (Billing Code 50350)
Deposit Deadline 5:00 AM ET M-F 12:00 PM ET M-F
Cash Letter Fee   $25.00
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 50361 $0.002 50371 $0.012
FedReceipt Endpoints - Tier 2 50362 $0.010 50372 $0.020
FedReceipt Endpoints - Tier 3 50363 $0.018 50373 $0.028
FedReceipt Endpoints - Tier 4 50364 $0.032 50374 $0.042
Substitute Check Endpoints 50369 $0.200 50379 $0.200

Retail Payments Premium Receiver Deposit DiscountsFootnote 6

Product/Tier Billing Code Per Item Fee
FedForward Level 1 Discount 52999 ($0.001)
FedForward Level 2 Discount 52998 ($0.001)
FedForward Level 3 Discount 52997 ($0.003)

Separately Sorted Treasury / Postal Money Order / Savings Bond Image Cash LettersFootnote 7

Product/Tier Per Item Fee
Postal Money Order No Charge
Treasury Items No Charge
Savings Bonds No Charge

FedForward Deposit Fees and Deadlines Footnotes:

1 Deposits that miss a given deadline will be processed at the next published deadline for that product type, with the corresponding fees and availability, unless explicitly noted below.

2 Cash letters that miss the last deposit deadline for this product, but are deposited by 12:00 PM ET M-F, will be treated as Endpoint-Culled Image Cash Letter deposits, with the corresponding fees and availability.

3 Same Day availability means that the depositor receives credit at the next available posting time within the same business day. Next Day availability means that the depositor receives credit at the first posting time of the following business day. The posting times are defined in The Federal Reserve Policy on Payment System Risk (PSR policy) (PDF).

4 All items in Endpoint-Culled Image Cash Letter deposits will be reviewed, and items drawn on Non-Premium Delivery endpoints will be placed in a Same Day availability cash letter, while items drawn on Premium Delivery and Substitute Check endpoints will be placed in a Next Day availability cash letter. Depositors will pay one $10.50 Cash Letter Fee per cash letter deposited into this product.

5 Premium Daily Fee A, B & C cash letters deposited at the 12:00 PM ET deadline will be charged a $25 fixed fee per cash letter, in addition to the Daily Fixed Fee. Also, any items in a Premium Daily Fee A, B or C cash letter deposited at the 12:00 PM ET deadline that are drawn on Premium Delivery or Substitute Check endpoints will be culled out and placed in a Next Day availability cash letter, and will be assessed the appropriate Endpoint-Culled Image Cash Letter item fees and availability.

6 Retail Payments Premium Receivers (RPPRs) are those customers who have all of their active routing numbers set up to receive both forward and return checks electronically (including PDF), and who also meet the qualifications for FedACH Premium Receiver status. Discounts apply to electronically deposited forward items, except those in separately sorted image cash letters consisting of Treasury items, Postal Money Orders, or eligible Savings Bonds.

  • Level 1: All RPPRs are eligible for the Level 1 discount on items in Tiers 1 - 4.
  • Level 2: All RPPRs depositing more than 2 million forward items electronically in a month are also eligible for the Level 2 discount on items in Tiers 1 - 4.
  • Level 3: RPPRs that are Level 2 ACH Premium Receivers and deposit more than 2 million forward items electronically in a month are also eligible for the Level 3 discount on items in Tiers 2 - 4.

7 Separately sorted image cash letters consisting of Treasury items, Postal Money Orders, or eligible Savings Bonds may be deposited at no charge at all FedForward deadlines.

FedReturn Deposit Fees and DeadlinesFootnote 8
(all Billing Codes in Service Area 3021)

Standard Image Cash Letter

SAME DAY AVAILABILITYFootnote 9

Deposit Deadline 4:00 PM ET M-F 9:00 PM ET Su-Th 1:00 AM ET M-F 12:30 PM ET M-F
Cash Letter Fee $4.50 $4.50 $6.50 $6.50
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 52111 $0.12 52000 $0.17 52060 $0.47 52100 $0.17
FedReceipt Endpoints - Tier 2 52112 $0.18 52001 $0.23 52061 $0.53 52101 $0.23
FedReceipt Endpoints - Tier 3 52113 $0.59 52002 $0.64 52062 $0.94 52102 $0.64
FedReceipt Endpoints - Tier 4 52114 $0.79 52009 $0.84 52069 $1.14 52109 $0.84
PDF Endpoints 52115 $1.00 52006 $1.05 52066 $1.35 52106 $1.05
Substitute Check Endpoints 52116 $1.50 52003 $1.50 52063 $1.50 52103 $1.50

Premium Daily Fee A Image Cash Letter

SAME DAY AVAILABILITYFootnote 9

Daily Fixed Fee - $400 (Billing Code 53110)
Deposit Deadline 4:00 PM ET M-F 1:00 AM ET M-F 12:30 PM ET M-F
Cash Letter FeeFootnote 10     $25.00
Product/Tier Billing Code Per Item Fee Billing Code Per Item Fee Billing Code Per Item Fee
FedReceipt Endpoints - Tier 1 53201 $0.02 53001 $0.07 53101 $0.09
FedReceipt Endpoints - Tier 2 53202 $0.07 53002 $0.12 53102 $0.14
FedReceipt Endpoints - Tier 3 53203 $0.49 53003 $0.54 53103 $0.56
FedReceipt Endpoints - Tier 4 53204 $0.69 53004 $0.74 53104 $0.76
PDF Endpoints 53205 $0.90 53005 $0.95 53105 $0.97
Substitute Check Endpoints 53206 $1.50 53006 $1.50 53106 $1.50

Retail Payments Premium Receiver Deposit DiscountFootnote 11

Product/Tier Billing Code Per Item Fee
FedReturn 52999 ($0.045)

FedReturn Deposit Fees and Deadlines Footnotes:

8 Deposits that miss a given deadline will be processed at the next published deadline for that product type, with the corresponding fees and availability.

9 Same Day availability means that the depositor receives credit at the next available posting time within the same business day. The posting times are defined in The Federal Reserve Policy on Payment System Risk (PSR policy) (Off-site, PDF).

10 Premium Daily Fee A cash letters deposited at the 12:30 PM ET deadline will be charged a $25 fixed fee per cash letter, in addition to the Daily Fixed Fee.

11 Retail Payments Premium Receivers (RPPRs) are those customers who have all of their active routing numbers set up to receive both forward and return checks electronically (including PDF), and who also meet the qualifications for FedACH Premium Receiver status. Discount applies to electronically deposited return items.

FedReceipt Services and Fees

FedReceipt DailyFootnote 12

Table listing the fees for FedReceipt Daily Services
Product/Tier Fixed Fee Per Item Fee Billing Code (all in Service Area 1505)
FedReceipt Daily – Forward $1.00 $0.0005 19650
FedReceipt Daily – Return $1.00 $0.0005 19655

Other Fees

Table listing the fees for FedReceipt Other Fees
Product/Tier Fixed Fee Per Item Fee Billing Code (all in Service Area 1505)
Accelerated Forward DeliveryFootnote 12,Footnote 13 $5.00 $0.009 19665
Accelerated Forward Delivery Discounts - Retail Payments Premium ReceiversFootnote 14
450,001 - 900,000 items per month ($0.004) 19675
Over 900,000 items per monthFootnote 15 ($0.008) 19676
Accelerated Forward Delivery Discounts - Non-Retail Payments Premium Receivers
2,500,001 - 10,500,000 items per month ($0.004) 19685
Over 10,500,000 items per month ($0.008) 19686
Premium Accelerated Returns Delivery (4:00 PM - 6:00 PM ET)Footnote 12,Footnote 13,Footnote 16
Level 1 $25.00 $0.050 19571
Level 2 $5.00 $0.080 19581
Standard Accelerated Returns Delivery (7:00 PM - 1:00 AM ET)Footnote 12,Footnote 13,Footnote 16
Level 1 $25.00 $0.020 19570
Level 2 $5.00 $0.050 19580
Premium Delivery - 8:00 AM ET targetFootnote 13,Footnote 17 $0.026 19668
Premium Delivery - 10:00 AM targetFootnote 13,Footnote 17 $0.017 19666
Premium Delivery - 12:00 PM targetFootnote 13,Footnote 17 $0.012 19654
Supplemental MICRFootnote 13 $0.003 19667
Electronic Reject Repair
Basic $0.200 19659
Premium $0.300 19660

Presentment Point ServicesFootnote 18

Table listing the fees for Presentment Point Services
Product/Tier Fixed Fee Per Item Fee Billing Code (all in Service Area 1505)
Primary Presentment Point-BasicFootnote 19 $8.00 $1.500 19620
Primary Presentment Point-EnhancedFootnote 19 $17.00 $2.500 19623
SDS Settlement and Adjustment Services - BasicFootnote 20 $1.50 $0.009 19661
SDS Settlement and Adjustment Services - PremiumFootnote 20 $1.50 $0.012 19662

FedReceipt Services Footnotes:

12 Fixed fee is per day per receipt endpoint.

13 Fees are in addition to FedReceipt Daily fees. Accelerated Returns Delivery services (Premium and Standard) are not available for items delivered via PDF.

14 Retail Payments Premium Receivers (RPPRs) are those customers who have all of their active routing numbers set up to receive both forward and return checks electronically (including PDF), and who also meet the qualifications for FedACH Premium Receiver status.

15 Volume at this level qualifies for a waterfall discount which applies to all Accelerated Forward Delivery items.

16 Choice of pricing level for the Accelerated Returns Delivery services (Premium and Standard) is at the discretion of each customer who subscribes to these services.

17 Every effort will be made to deliver items by the target delivery time; however, the Reserve Banks have the right to deliver items by your cutoff hour, which can be no earlier than 2:00 PM local time. The 8:00 AM delivery target is expressed in Eastern time, while the 10:00 AM and 12:00 PM targets are local time.

18 Fees apply to FedReceipt customers only.

19 Fee structure is fixed fee per presentment point RT, plus package fee per presentment.

20 Fixed fee is per package per day.

FedPayments Reporter Service Fees

Premier Reports

Table listing the fees for the FedPayments Reporter Service Premier Reports
Product Per Report Fee Billing Code (all in Service Area 1505)
Advanced Notice Return Report (without images) $5.00 19801
Advanced Notice Return Report (with images) $8.00 19802
Advanced Notice Payor Report for Financial Institutions (without images) $5.00 19804
Advanced Notice Payor Report for Financial Institutions (with images) $8.00 19805
Table listing the fees for the Monthly Package
Monthly Package Fee (a single fee based on total number of reports)Footnote 21 Monthly Fee Billing Code (all in Service Area 1505)
Standard Reports
For 1 to 70 reports $40.00 19811
For 71 to 140 reports $80.00 19812
For 141 to 230 reports $120.00 19813
For 231 to 460 reports $200.00 19814
For 461 to 690 reports $270.00 19815
For 691 to 920 reports $330.00 19816
For 921 to 1,150 reports $380.00 19817
For 1,151 to 1,725 reports $500.00 19818
For 1,726 to 2,300 reports $630.00 19819
For 2,301 to 3,450 reports $880.00 19820
For 3,451 to 4,600 reports $1,130.00 19821
More than 4,600 reports $1,380.00 19822

FedPayments Reporter Footnotes:

21 Reports included in Monthly Package Fees: Advanced Notice Payor Reports for Corporates (with & without images). None of the Premier Reports are included in the Monthly Package Fee calculation.

FedDetect Duplicate Treasury Check Notifier ServiceFootnote 22

Table listing the fees for FedDetect Duplicate Treasury Check Notifier Service
Tier Monthly Fee Billing Code (all in Service Area 1521)
Tier 1 $500.00 52971
Tier 2 $175.00 52972
Tier 3 $75.00 52973
Tier 4 $35.00 52974

FedDetect Duplicate Treasury Check Notifier Service Footnote:

22 This fee is applied at the parent financial institution level, as defined in the Reserve Banks' Global Customer Directory (GCD). Each financial institution's tier assignment is determined by the criteria described in the FedForward Standard Endpoint Tier Listing.

Quality Improvement Initiatives

Table listing the fees for Quality Improvement Initiatives
Product Per Case/Item Fee Billing Code
Check Adjustments - Deposit Quality IssuesFootnote 23 $0.50 52980 (SA 1521)
Check Adjustments - Incorrect/Incomplete Case OpeningFootnote 24 $2.50 52981 (SA 1521)
Return Deposit Exceptions - Items Qualified to the Federal Reserve as BOFD $15.00 52205 (SA 3021)

Quality Improvement Initiatives Footnotes:

23 This fee is charged to the depositing bank when an adjustment case is opened with the Reserve Banks for an item that was either incorrectly encoded (encoding error) or deposited more than once by the same financial institution (duplicate payment).

24 This fee is charged to a financial institution that provides incorrect or incomplete information when opening an adjustment case with the Reserve Banks. The fee is only applicable to adjustment cases that would have resolved automatically had the case been submitted correctly (investigation types ENC, PAID, NCH, DISP, SOR and LNE).

Other Fees

Check 21 Participation FeeFootnote 25

Table listing any other fees not delineated above
Product Monthly Fee Billing Code (all in Service Area 1505)
Check 21 Participation Fee - Tier 1 $135.00 19896
Check 21 Participation Fee - Tier 2 $90.00 19897
Check 21 Participation Fee - Tier 3 $60.00 19898
Check 21 Participation Fee - Tier 4 $40.00 19899

Other Fees Footnotes:

25This fee is charged to financial institutions that have received any Check 21 electronic or substitute check volume (forward or return) from the Reserve Banks during the month. The fee is applied at the parent financial institution level, as defined in the Reserve Banks' Global Customer Directory (GCD). Each financial institution's tier assignment is determined by the criteria described in the FedForward Standard Endpoint Tier Listing.

Effective November 15, 2021

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