Fed sets 2027 fees for bank payment services

The Federal Reserve Board has announced pricing for its payment services to banks and credit unions, taking effect 1 Jan 2027. The Fed expects to recover 101.5 percent of its actual and imputed expenses next year. Established, mature services are projected to rise by an average of 1.4 percent. The Reserve Banks are also streamlining check services, optimizing processing windows during low-volume periods and raising the fees banks and credit unions pay to process checks. The full 2027 fee schedule is published on FRBservices.org.