FedNow and RTP Instant Payments

Send and receive money in seconds, not days.

Faster Access When It Matters Most

Life doesn't always wait for business hours. With FedNow® and RTP, eligible payments can move directly between participating financial institutions in real time, giving you faster access to your money when timing matters most. Funds are available within seconds, 24 hours a day, 7 days a week, including weekends and holidays.

What is FedNow?

FedNow is an instant payment service developed by the Federal Reserve that allows participating financial institutions to send and receive payments in real time. Unlike traditional electronic payments that may take one to three business days to process, FedNow transactions are completed within seconds.

As a Premier America member, you may receive eligible payments directly into your account through the FedNow network from participating financial institutions.

What is RTP?

Real-Time Payments (RTP) is an electronic payment network that enables participating financial institutions to send and receive payments instantly, 24 hours a day, 7 days a week, 365 days a year. Operated by The Clearing House, the RTP network allows funds to be transferred and made available within seconds, including nights, weekends, and holidays. Unlike traditional payment methods that may take one or more business days to process, RTP payments are settled in real time, providing immediate confirmation and access to funds for both senders and recipients. RTP helps consumers and businesses move money quickly, securely, and with greater certainty when timing matters most.

Access Your Money Sooner

When someone sends you money through the FedNow and RTP network, funds are deposited directly into your eligible Premier America account and are available to use right away.1

Available Around the Clock

FedNow and RTP operates 24/7/365, including nights, weekends, and holidays, so payments don't have to wait for the next business day.

Safe and Secure

Payments move through the Federal Reserve's secure payment infrastructure, helping provide a reliable and trusted way to receive funds.

No Enrollment Required

There is no separate enrollment process required to receive eligible FedNow and RTP payments into your Premier America account. Similar implementations at participating credit unions do not require member enrollment.

Preguntas frecuentes y respuestas

Yes. FedNow and RTP operates continuously, 24 hours a day, 7 days a week, including weekends and federal holidays.
The sender's financial institution must participate in the FedNow and RTP network and offer FedNow and RTP payment services to its customers.
Instant payments are intended to be processed immediately and generally cannot be canceled once successfully sent.
At this time, certain account and loan types may not be eligible for FedNow and RTP transactions. Please contact us for details regarding your specific account.
No. Eligible members can receive FedNow and RTP payments without completing a separate enrollment process.
Eligible payments are typically deposited and available within seconds after they are sent through the FedNow and RTP network.
Premier America currently does not charge a fee to receive eligible FedNow and RTP payments.
FedNow is operated by the Federal Reserve. The Real-Time Payments (RTP) network is operated by The Clearing House. Both networks allow financial institutions to move money instantly between businesses and people.
Revelación

1We can accept Real Time Payments and FedNow Payments to your checking, savings, and MMSA accounts. However, such payments cannot be applied to Premier America Credit Union loan products. Transmission of funds through RTP and FedNow are only available between accounts located in the US. This applies even if you are receiving a payment on behalf of another person. All persons who receive or benefit from an RTP or FedNow transaction must also reside in the US. Transfers of money you receive through RTP or FedNow will generally be available immediately upon receipt of the funds, 24 hours a day, 7 days a week. 

Although Premier America Credit Union does not charge fees to receive, the sending bank could charge the sender a fee.