FedNow Average Payment Falls to $55,000 in Q2 2026 as Transaction Count Surges 83%

FedNow settled 4,997,811 payments worth $274.7 billion in Q2 2026, according to Federal Reserve Financial Services. Transaction count grew 83.2% from Q1 2026, when the network processed 2,728,510 payments worth $271.3 billion.

Average payment size fell to $54,957 from $99,414 in Q1, a 44.7% decline. Daily throughput averaged 54,921 transactions at $3.02 billion, up from 30,317 at $3.01 billion in Q1.

FedNow's participant base exceeded 1,800 financial institutions by early July 2026, ahead of the network's third anniversary on July 20. The competing RTP network processed 142 million transactions worth $576 billion in Q2 2026, according to The Clearing House.