The Federal Reserve Board has announced new pricing for payment services offered by the Federal Reserve Banks to banks and credit unions, effective January 1, 2026. These services include check clearing, automated clearing house (ACH) transactions, instant payments, and wholesale payment and settlement services.
Federal law requires the Federal Reserve to set fees that recover the costs of providing these payment services over time. This includes both actual expenses and imputed costs. For 2026, the Federal Reserve projects it will recover 108 percent of its total expenses for these services, factoring in what a private-sector provider would have earned as a return on equity.
The Board stated that price changes for 2026 will result in an estimated average increase of 0.9 percent for established and mature services.
According to the announcement, “The entire 2026 fee schedule is published on FRBservices.org. Additional information on the Federal Reserve’s payments services, including service usage statistics, is available on the Board’s website.”
