Federal Reserve Announces New Pricing for Payment Services in 2027

The Federal Reserve announced new prices for payment services used by banks and credit unions, effective Jan. 1, 2027. The new prices take effect Jan. 1, 2027.

The pricing changes also include adjustments to check services.

A master account connects a financial institution directly to services offered by a regional Reserve Bank, including wire transfers, check clearing and settlement. An institution without its own account may reach payment functions through a different bank or a private provider. TokenPost previously explained how master accounts connect institutions to Fed payment services.