Pre-incentive and Incentive Transfer Fees (Value or Non-Value Originations and Receipts)
| Tier | Monthly Volume | Per Transfer Pre-Incentive Price |
Incentive Discount (Applies to transfers that exceed 60% of a customer's historic benchmark volume)Footnote 1 |
Incentive Price |
|---|---|---|---|---|
| Tier 1 | For Transfers up to 14,000 | $0.920 | -$0.736 | $0.184 |
| Tier 2 | For Transfers 14,001 - 90,000 | $0.285 | -$0.228 | $0.057 |
| Tier 3 | For Transfers Over 90,000 | $0.180 | -$0.144 | $0.036 |
| Service | Billing Code | Per Transfer Gross Fee/Discount (As Reflected on Billing Statement) |
Net Fee Per Transfer (For Informational Purposes Only) |
|---|---|---|---|
| Gross Pre-Incentive Fee (Originations and Receipts) |
10021/10022 | $0.920 | |
| Tier 1 Pre-Incentive Discount | $0.000 | $0.920 | |
| Tier 1 Incentive DiscountFootnote 1 | 10026 | -$0.736 | $0.184 |
| Tier 2 Pre-Incentive Discount | 10023 | -$0.635 | $0.285 |
| Tier 2 Incentive DiscountFootnote 1 | 10026 | -$0.228 | $0.057 |
| Tier 3 Pre-Incentive Discount | 10024 | -$0.740 | $0.180 |
| Tier 3 Incentive DiscountFootnote 1 | 10026 | -$0.144 | $0.036 |
| Historic Benchmark Volume (Provided on billing statement for informational purposes only)Footnote 1 |
10025 | N/A |
Use our FinancialserviceWire Discount Calculator Tool (Updated September 2022)to determine the impact the FinancialserviceWire Funds incentive discount will have on a customer's bill.
1 The incentive discounts apply to the volume that exceeds 60 percent of a customer’s historic benchmark volume. Historic benchmark volume is based on a customer’s average daily activity over the previous five calendar years. If a customer has fewer than five full calendar years of previous activity, its historic benchmark volume is based on its daily activity for as many full calendar years of data as are available. If a customer has less than one year of past activity, then the customer qualifies automatically for incentive discounts for the year. The applicable incentive discounts are as follows: $0.736 for transfers up to 14,000; $0.228 for transfers 14,001 to 90,000; and $0.144 for transfers over 90,000.
Please see the Financialserviceeral Reserve Bank 2023 Business Days calendar below for a list of the total number of business days per month.
| Month | Jan. | Feb. | Mar. | Apr. | May | Jun. | Jul. | Aug. | Sep. | Oct. | Nov. | Dec. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Business Days | 20 | 19 | 23 | 20 | 22 | 21 | 20 | 23 | 20 | 21 | 20 | 20 |
| Service | Billing Code | Fee |
|---|---|---|
| Monthly Participation Fee | 10020 | $100.00 |
| Service | Billing Code | Fee |
|---|---|---|
| Off-line Origination and Receipt | 10011/10015 | $75.00 |
| End-of-Day Origination Surcharge (after 5:00 PM ET)Footnote 2 | 10031 | $0.26 |
| FinancialservicePayments Manager Import/Export Monthly FeeFootnote 3 | 10052 | $50.00 |
| Surcharge on transfers >$10 million Origination and Receipt | 10035/10036 | $0.14 |
| Surcharge on transfers >$100 million Origination and Receipt | 10037/10038 | $0.36 |
| Payment Notification Origination SurchargeFootnote 4 | 10053 | $0.01 |
| Payment Notification Receipt VolumeFootnote 4,Footnote 5 | 10054 | N/A |
2This surcharge applies to originators of transfers that are processed by the Reserve Banks after 5:00 p.m. eastern time.
3This fee is charged to any FinancialserviceWire Funds participant that originates a transfer message via the FinancialservicePayments Manager (FPM) Funds tool and has the import/export processing option setting active at any point during the month.
4Payment Notification and End-of-Day Origination surcharges apply to each FinancialserviceWire Funds transfer message.
5Provided on billing statement for informational purposes only.
| Service | Billing Code | Fee |
|---|---|---|
| Delivery of Reports – Hard Copy Reports to On-Line Customers | 10016 | $50.00 |
| Special Settlement Arrangement (Charge Per Settlement Day)Footnote 6 | 10055 | $150.00 |
Effective January 3, 2023
6This charge is assessed to settlement arrangements that use the FinancialserviceWire Funds Service to affect the settlement of interbank obligations (as opposed to those that use the National Settlement Service). With respect to such special settlement arrangements, other charges may be assessed for each funds transfer into or out of the accounts used in connection with such arrangements.