2023 FedNow Survey
Questions marked with a
Bank Name and Location
Is your bank planning to become a participating financial institution of the FedNow Service?
We are already a certified participant
If Yes, what stage of implementation is the bank?
Not yet started or in initial application stage
Currently in onboarding, testing, and certification process stages
Ready to go live just waiting final certification
If Yes, what services does the bank plan to (or currently) provide?
Receive only payments
Send and receive customer payments
Bank’s own settlement services
All services as available
If No, is there a particular reason why the bank has decided not to participate with the new service?
Cost to participate
Would require other system upgrades
Waiting for other functionalities to be implemented by FedNow Service before participating
Is there any other information not asked above that you'd like to share with WBA regarding FedNow?
What resources would be most helpful for your bank regarding FedNow?
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