The Federal Reserve Board has announced new pricing for payment services provided by the Federal Reserve Banks to banks and credit unions. The updated fees will take effect on January 1, 2026.
These services include the clearing of checks, automated clearing house (ACH) transactions, instant payments, and wholesale payment and settlement services. The pricing changes are part of the Board’s legal requirement to set fees that recover both actual and imputed costs associated with these services over time.
According to the announcement, “The Federal Reserve expects to recover 108 percent of actual and imputed expenses in 2026, including the return on equity that would have been earned if a private-sector firm provided the services.” The Board also stated, “Overall, price changes for 2026 will result in an estimated 0.9 percent average price increase for established, mature services.”
The full fee schedule for 2026 is available at FRBservices.org. More information about the Federal Reserve’s payment services can be found on the Board’s website.