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2023 FedNow Survey

Questions marked with a * are required

Bank Name and Location

Is your bank planning to become a participating financial institution of the FedNow Service?

Yes

No

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

Fully certified

Not Applicable

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

Not Applicable

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

Not Applicable

Other

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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