The Federal Reserve will begin paying FedNow discount statement credits to participating financial institutions on January 1, 2027.
Receive-enabled institutions qualify for a one-time statement credit of between $5,000 and $20,000, depending on their participation in other Federal Reserve services.
Send-enabled institutions must meet the volume requirements for six qualifying months within the calendar year or within six months of opting in, whichever is longer, to retain the credit.