The Federal Reserve Board has announced that it will expand the operating days of two key large-value payments services, the Fedwire Funds Service and the National Settlement Service (NSS), to include Sundays and weekday holidays. This change is planned to take effect no earlier than 2028 to allow time for operational adjustments and industry readiness.
Currently, both services operate only on weekdays, excluding holidays. With the new plan, both Fedwire Funds Service and NSS will operate from Sunday through Friday, including weekday holidays. The daily operating hours will remain unchanged, with Fedwire Funds Service available for 22 hours per day and NSS for 21.5 hours per day.
The Board stated, "Moving forward, the Board will monitor demand for a potential further expansion of operating hours to seven days per week. If the Board decides in the future to propose such an expansion, it will seek public comment in a new proposal."
Fedwire Funds Service enables participating banks and credit unions to conduct individual electronic funds transfers up to $10 billion. NSS provides settlement services for participants in private-sector clearing arrangements, including check clearinghouses, automated clearinghouse networks, and securities settlement systems. The changes do not affect the Fedwire Securities Service or other Federal Reserve retail services such as FedACH or FedNow Service.
A notice regarding this action is available in the Federal Register: Federal Reserve Action to Expand Fedwire Funds Service and National Settlement Service Operating Hours.