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Wednesday, November 4, 2015

Fed’s 2016 Fees to Rise 2.7%

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

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

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