Home › Glossary › Fedwire

Fedwire

Fedwire is a real-time gross settlement (RTGS) system operated by the Federal Reserve Banks, used by US financial institutions to settle large, time-sensitive USD transactions. Transactions settled via Fedwire are final and irrevocable upon execution, routing via 9-digit ABA transit numbers.

Aliases: Fedwire Funds Service, Fedwire RTGS

Standards & Citations

  • 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
  • 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
  • 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).

Related terms

ABA Routing Transit Number

An ABA Routing Transit Number (RTN) is a 9-digit numerical code assigned to financial institutions in the United States,...

View term →

CHIPS (Clearing House Interbank Payments System)

The Clearing House Interbank Payments System (CHIPS) is the primary private US interbank clearing network for large-valu...

View term →

ACH (Automated Clearing House)

An Automated Clearing House (ACH) is a batch-processing electronic funds transfer network used to clear high-volume, low...

View term →

← Back to payments glossary

Copied code: