FedNow announced that participants recently started receiving instant disaster-relief disbursements for their account holders.
FedNow delivering instant payments for disaster relief disbursements
September 18, 2025 / By ICBA
FedNow announced that participants recently started receiving instant disaster-relief disbursements for their account holders.
FedNow announced that participants recently started receiving instant disaster-relief disbursements for their account holders.
Background: The Treasury’s Bureau of the Fiscal Service, which disburses and collects money on behalf of U.S. government and federal agencies, added the FedNow Service to its money movement toolkit in July 2023.
ICBA Support: ICBA has long supported the growth of instant payments options like the FedNow Service to allow for efficient payments and immediate funds settlement while mitigating risks to the financial system.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
