Fedwire Funds Service
nounverified· unreviewed·updated Aug 30, 2026
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.
MWEFederal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary
Classifications
Entity Type
System0%rule-basedmulti_axis_classifier_low_confidence.v1
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Sensitivity
Regulated90%llm-generatedllm:claude-haiku-4-5
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Information Class
—70%llm-generatedllm:claude-haiku-4-5
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Variants
- plural
- Fedwire Funds Services
- possessive
- Fedwire Funds Service's
- pluralpossessive
- Fedwire Funds Services'