Large dollar electronic payment system, run in real-time by the Federal Reserve Banks for their member banks. Payments are final and guaranteed by the Fed.
The Federal Reserve System's nationwide real-time gross settlement electronic funds and securities transfer network. Fedwire is a credit transfer system, and each funds transfer is settled individually against an institution's reserve or clearing account on the books of the Federal Reserve as it is processed and is considered a final and irrevocable payment.
An electronic communications network that connects Federal Reserve Banks with the U.S. Treasury and other federal agencies. Many depository institutions also have access to Fedwire. It is used for large-dollar, time-sensitive payments. Fedwire transfers are immediate transfers of funds, effective within minutes of the time a payment is initiated.
A computerized money transfer system linking the U.S. Federal Reserve System banks, branches and member banks.
The Federal Reserve funds transfer system. FedWire transactions involve the immediate, same day settlement of funds. FedWire instructions are irrevocable.
the Federal Reserve's real time system for transferring high value funds and information
An automated communications and settlement system linking the Federal Reserve banks with other banks and with depository institutions.
The same-day value electronic funds transfer system operated in the U.S. by the Fed.
A wire transfer system for high-value payments operated by the Federal Reserve System.
A transfer of U.S. dollars effected through the Federal Reserve system. Fedwire payments are executed with same day value and are usually used for time sensitive payments.
Electronic funds transfer network operated by the Federal Reserve. Fedwire is usually used to transfer large amounts of funds and U.S. government securities from one institution's account at the Federal Reserve to another institution's account. It is also used by the U.S. Department of the Treasury and other federal agencies to collect and disburse funds.
Fedwire is a Real Time Gross Settlement system operated by the Federal Reserve that enables financial institutions to electronically transfer funds amongst its more than 9,500 participants. In conjunction with the privately held Clearing House Interbank Payments System (CHIPS), Fedwire forms the primary United States network for large-value domestic and international payments, and is designed to be highly resilient and redundant.