Fed’s 2020 Fees Expected to Rise 2.4%

The Federal Reserve System’s 2020 fee schedules for priced services that go into effect Jan. 2 are expected to be 2.4% higher on average than in 2019, and the system projects that it will recover 100.2% of its priced services costs, the Fed said today.

Check fees will rise 3.3% on average, while FedLine prices will rise by 2.9% and Fedwire Funds prices will rise 3.7%. Fees will remain unchanged for FedACH, National Settlement Services and Fedwire Securities.