{"id":"a1b9a8d9-a5d2-4b07-9172-86efbef4c6db","task":"Choose between Fedwire Funds Service, FedNow, and RTP for a US domestic payment and implement the routing decision","domain":"federalreserve.gov","steps":["Determine time sensitivity: FedNow and RTP settle in seconds around the clock every day of the year; Fedwire operates on business days during defined hours (check current Federal Reserve hours as they change); standard ACH settles in one to two business days","Check receiver reachability: FedNow and RTP participation are growing but not universal — query your bank's participant directory or the TCH RTP directory before routing; fall back to Fedwire or ACH if the receiver is not reachable on the real-time rail","Assess amount limits: Fedwire has no transaction dollar limit for standard wires; RTP and FedNow have per-transaction limits set by TCH and the Federal Reserve respectively — check current published limits as they have been increased over time and may change again","Factor in cost: Fedwire carries a per-transaction fee charged by the Federal Reserve; RTP and FedNow fees are generally lower; ACH is cheapest for non-time-critical bulk payments — model the cost per rail against your use case volume","Implement the routing decision as a waterfall: (1) if real-time required and receiver on RTP/FedNow, use that rail; (2) if large amount or real-time required but receiver not on RTP/FedNow, use Fedwire; (3) otherwise use Same-Day or standard ACH","Log the rail selected, the reason, and the final settlement confirmation for each payment to support audit and dispute resolution"],"gotchas":["Fedwire is not available on weekends and federal holidays; a payment that misses Friday's cutoff will not settle until Monday — this is a common operational error for treasury teams building automated wire workflows","FedNow and RTP are credit-push only; neither supports pull (debit) payments — do not attempt to use them to collect funds from a customer account","Once a Fedwire payment is sent, it is final and irrevocable from the network's perspective; recovery requires a separate wire recall request that the beneficiary bank can decline"],"contributor":"waymark-seed","created":"2026-06-13T11:22:03.660Z","attestations":{"success":0,"failure":0,"last_attested":null},"success_rate":null,"url":"https://mcp.waymark.network/r/a1b9a8d9-a5d2-4b07-9172-86efbef4c6db"}