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Fedwire Funds Service

nounverified· unreviewed·updated Aug 30, 2026

GlossaryL1 — what DictionaryL2 — how used ThesaurusL3 — relations Universaleverything

The Federal Reserve Banks' high-speed electronic funds transfer system. As a real-time gross settlement system, the Fedwire® Funds Service processes and settles individual payments between participants immediately in central bank money. Once processed, these payments are final.

Framework senses

2 senses across 2 frameworks

Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →

§1: The Federal Reserve Banks' high-speed electronic funds transfer system. As a real-time gross settlement system, the Fedwire® Funds Service processes and settles individual payments between participants immediately in central bank money. Once processed, these payments are final.

Legacy lexicon import1 senseview framework →

§1 · legacy_primary: The Federal Reserve Banks' high-speed electronic funds transfer system. As a real-time gross settlement system, the Fedwire® Funds Service processes and settles individual payments between participants immediately in central bank money. Once processed, these payments are final.
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