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Fedwire® Funds Service 2017 Fee Schedules

Pre-incentive and Incentive Transfer Fees (Value or Non-Value Originations and Receipts)

Summary of the new per transfer volume-based pricing structure for 2017:

Per transfer volume-based pricing
Tier Monthly Volume Per Transfer
Pre-Incentive Price
Incentive Discount
(Applies to transfers that exceed 60% of a customer's historic benchmark volume)1
Incentive Price
Tier 1 For Transfers up to 14,000 $0.820 -$0.656 $0.164
Tier 2 For Transfers 14,001 - 90,000 $0.245 -$0.196 $0.049
Tier 3 For Transfers Over 90,000 $0.170 -$0.136 $0.034

The pre-incentive and incentive transfer fees/discounts described above will be displayed on the customer bill using the following billing codes:

Pre-incentive and incentive transfer fees/discounts
Service Billing Code Per Transfer Gross Fee/Discount
(As Reflected on Billing Statement)
Net Fee Per Transfer
(For Informational Purposes Only)
Gross Pre-Incentive Fee
(Originations and Receipts)
10021/10022 $0.820  
Tier 1 Pre-Incentive Discount   $0.000 $0.820
Tier 1 Incentive Discount1 10026 -$0.656 $0.164
Tier 2 Pre-Incentive Discount 10023 -$0.575 $0.245
Tier 2 Incentive Discount1 10026 -$0.196 $0.049
Tier 3 Pre-Incentive Discount 10024 -$0.650 $0.170
Tier 3 Incentive Discount1 10026 -$0.136 $0.034
Historic Benchmark Volume
(Provided on billing statement for informational purposes only)1
10025 N/A  

Use our Fedwire Discount Calculator Tool (XLS) (Updated October 2016) to determine the impact the Fedwire Funds incentive discount will have on a customer's bill.

1 The incentive discounts apply to the volume that exceeds 60 percent of a customer’s historic benchmark volume. Historic benchmark volume is based on a customer’s average daily activity over the previous five calendar years. If a customer has fewer than five full calendar years of previous activity, its historic benchmark volume is based on its daily activity for as many full calendar years of data as are available. If a customer has less than one year of past activity, then the customer qualifies automatically for incentive discounts for the year. The applicable incentive discounts are as follows: $0.656 for transfers up to 14,000; $0.196 for transfers 14,001 to 90,000; and $0.136 for transfers over 90,000.

Please see the Federal Reserve Bank 2017 Business Days calendar below for a list of the total number of business days per month.

Federal Reserve Bank 2017 Business Days

Number of Federal Reserve business days per month in 2017
Month Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Total Business Days 20 19 23 20 22 22 20 23 20 21 21 20

Access Fee

Wires access fee
Service Billing Code Fee
Monthly Participation Fee 10020 $95.00

Surcharges

Wires surcharges that may be charged
Service Billing Code Fee
Off-line Origination and Receipt 10011/10015 $60.00
End-of-Day Origination Surcharge (after 5:00 PM ET)2 10031 $0.26
FedPayments® Manager Import/Export Monthly Fee3 10052 $50.00
Surcharge on transfers >$10 million Origination and Receipt 10035/10036 $0.14
Surcharge on transfers >$100 million Origination and Receipt 10037/10038 $0.36
Payment Notification Origination Surcharge4 10053 $0.20
Payment Notification Receipt Volume4,5 10054 N/A

2This surcharge applies to originators of transfers that are processed by the Reserve Banks after 5:00 p.m. eastern time.

3This fee is charged to any Fedwire Funds participant that originates a transfer message via the FedPayments Manager (FPM) Funds tool and has the import/export processing option setting active at any point during the month.

4Payment Notification and End-of-Day Origination surcharges apply to each Fedwire funds transfer message.

5Provided on billing statement for informational purposes only.

Additional Fees

Additional fees that may be changed
Service Billing Code Fee
Delivery of Reports – Hard Copy Reports to On-Line Customers 10016 $50.00

Effective January 3, 2017

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