Fed’s 2016 Fees to Rise 2.7 Percent

The Federal Reserve System’s 2016 fee schedules for priced services that go into effect Jan. 1 are expected to be approximately 2.7 percent higher than in 2014, and the system expects to make a 1.9 percent profit, the Fed said today.

Check prices are expected to rise by 0.5 percent, the Fed said, while FedACH fees will rise by 6.5 percent. Meanwhile, fees for Fedwire Funds will increase by 5.8 percent. Fees for National Settlement Services and Fedwire Securities Service will remain unchanged, and FedLine access fees will rise by 1.5 percent. Indexed for GDP growth, overall prices are expected to rise by about 1 percent.