FedNow expands instant payment limit to $10 million
Source: CoinWorld
Time: 2025-09-10 12:38:38
To meet the growing demand for high instant transactions by banks and businesses, the Federal Reserve will increase the transaction limit of the FedNow instant payment system from $1 million to $10 million from November 2025. The increase is the second time the Federal Reserve has raised this year, aiming to speed up corporate financial management, payroll processing, supplier settlement and real estate transactions. Currently, more than 1,400 institutions have participated in 50 states across the United States.