2023 Electronic Check Collection Fee Schedule

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• FedForward^® Deposit Fees and Deadlines
• FedReturn^® Deposit Fees and Deadlines
• FedReceipt^® Services and Fees
• FedPayments Reporter Service Fees
• FedDetect^SM Duplicate Treasury Check Notifier Service
• Quality Improvement Initiatives

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

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: 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.

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 RTN, plus package fee per presentment.

²⁰ Fixed fee is per package per day.

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 January 3, 2023

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