FedNow to Increase Transaction Limit to $10M
September 16, 2025
The FedNow Service network transaction limit will increase from $1 million to $10 million, effective November 2025. The increased limit will enable financial institutions and businesses to support higher-value use cases and reflects an increasing need for speed and certainty in the modern payments ecosystem.
“Our second transaction limit increase this year reflects the growing demand for instant payments—as the benefits of immediate funds availability for all types of payments become more apparent, financial institutions need flexibility to serve customers and support internal processes,” said Mark Gould, chief payments executive for Federal Reserve Financial Services. “The FedNow Service is shaping how we move money, and the service will continue to be flexible to meet evolving feedback and increasing demand.”
The increased network transaction limit for customer credit transfers positions the FedNow Service to support additional high-value use cases such as:
For real estate transactions, FedNow Service said its platform provides immediate clearing and settlement of high-dollar commercial real estate payments, such as escrow account funding and contractor payments. It also can provide certainty of funds, allow after-hour and weekend payments, and improve transparency during the process.
The FedNow Service currently has more than 1,400 participating organizations across all 50 states. As adoption of instant payments accelerates, the ability to move larger dollar amounts instantly is expected to help modernize payments for financial institutions and businesses across the United States.
Webinar
Ensuring good funds and seamless transfers isn’t just a compliance requirement, it’s the key to building client trust and delivering a smooth closing experience. ALTA will hold an ALTA Insights webinar, sponsored by Old Republic, that will address the latest standards for good funds, explore best practices for secure and efficient transfers, and share practical tips for reducing delays and avoiding costly errors. You’ll gain strategies to protect your business, strengthen client relationships and create the kind of stress-free closings that keep customers coming back.
Speakers
- Melissa Neesen | VP of Operations | Reliable Title
- Nathan Watson | Client Coordinator | Reliable Title
- Andy White | Founder and CEO | Closinglock
When
- 1:00-2:00 p.m. ET, Sept. 24
CE/CLE is not available for this webinar
Contact ALTA at 202-296-3671 or [email protected].