Thank you for choosing Federal Reserve Financial Services. We are excited to work with you to make this a smooth and easy transition. The following steps provide an overview of the setup process with links to detailed service information and contacts who can help you with questions. If you need additional advice in any step of the process, consult your account executive.
If your organization is a newly established financial institution or are an existing financial institution that has not previously done business with Federal Reserve Financial Services, you may call your Federal Reserve Bank account executive. Ensure you have answers to the following questions:
The Federal Reserve Banks offer robust payment transaction and information services including Accounting Services, Check Services, FedACH® Services, FedCash®; Services, Fedwire® Services, National Settlement and Treasury Services. The following links will help you determine which services and features are right for your institution:
Contact your account executive if you need additional advice.
Federal Reserve Financial Services customers have several access solution alternatives for exchanging information and transactions with Reserve Banks. Use the following links to determine which access solution meets your needs and how many of your staff will need access. If you will be using and/or settling via a third-party processor or correspondent, you may only need access to information services.
Contact your Customer Contact Center if you need assistance.
If you are interested in becoming an issuing or paying agent for U.S. Savings Bonds or enrolling in the Treasury Tax and Loan (TT&L) Service, learn how to set up access here.
After finalizing your service and access decisions, you can begin implementation by completing the following activities.
Questions? Contact your Customer Contact Center.
If you are opening a Federal Reserve Bank account, on the day you begin processing through the account, please ensure that an authorized bank official is available at 9 a.m. on opening day for a confirmation call from the Federal Reserve Banks so that your Fed account will formally be opened by noon that same day.
Contact your account executive if you have questions.
Congratulations and welcome to Federal Reserve Financial Services. We look forward to a long and collaborative relationship! You are now ready to begin using Federal Reserve Financial Services. For assistance in day-to-day activities, please review the following: