Fedwire
Federal Reserve Wire Network
Fedwire is a real-time gross settlement (RTGS) system operated by the Federal Reserve Banks for high-value, time-critical payments between financial institutions in the United States.
Fedwire processes trillions of dollars in transactions daily and settles each payment individually and immediately, making it a core rail for large-value wire transfers. It's commonly used for large business transactions, real estate closings, and securities settlements.
Related Terms
Wire Transfer
A wire transfer is an electronic transfer of funds between banks or financial institutions. Wire tra...
RTGS
Real-Time Gross Settlement
RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...
CHIPS
Clearing House Interbank Payments System
CHIPS is a private sector clearing and settlement system for large-value wire transfers and payments...
ACH
Automated Clearing House
ACH is an electronic network for financial transactions in the United States. It processes large vol...
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