11/26/2025

FedNow® Service increases network transaction limit to $10 million

FedNOw

This article is an update to the version published on 9/9/2025.

The Federal Reserve today announced that the FedNow Service network transaction limit has increased from $1 million to $10 million. This increase was driven by growing commercial demand and opens the door for financial institutions who choose to use the higher limit to support higher-value instant payment use cases that offer the speed and certainty customers want.

“Our second transaction limit increase this year reflects the growing demand for instant payments — as the benefits of immediate funds availability for all types of payments become more apparent, financial institutions need flexibility to serve customers and support internal processes,” said Mark Gould, chief payments executive for Federal Reserve Financial Services. “The FedNow Service is shaping how we move money, and the service will continue to be flexible to meet evolving feedback and increasing demand.”

Modernizing payments and expanding use case opportunities

As adoption of instant payments accelerates, the ability to move larger dollar amounts instantly is expected to help modernize payments for financial institutions and businesses across the U.S. Instant payment use cases positioned to gain traction with this higher transaction limit include:

• Corporate treasury: Instant transfers between internal business accounts can maximize investment of excess cash, free working capital and streamline reconciliation with data-rich ISO^® 20022 messaging.