FedNow : Secure Transfer,Smoother Experience and Instant Payment Settlement in seconds now

The U.S. Federal Reserve has launched most awaited modernize payment systemc for all Americans to send and receive transactions in seonds 24/7

The "FedNow" service : hassle free transfers to and from in daily life  to avoid  delay of settlement, before this used to take one day to receive payments which has impact on Americans life.

The "FedNow" service : hassle free transfers to and from in daily life  to avoid  delay of settlement, before this used to take one day to receive payments which has impact on Americans life.

FedNow Service is now live with 41 banks and 15 certified service providers.JPMorgan Chase, Bank of New York Mellon, and US Bancorp has also integrated with FedNow service.

‘’FedWire” is also one of the service launched by Fed but it was only for corporate payments with large system with limitation of Real time payment settlement only for business hour

Low,Moderate Consumers will be mostly benefitted from FedNow which makes their transactions instant along with security of sender and receiver

FedNow payments directly settled into central bank which make him unique from PayPal and Venmo peer to peer service

FedNow service is free for every customers in America with a maximum payment limit of $500,000 but banks can choose to lower the limit if applicable.