FedWire

Overview

Fedwire is the US Federal Reserve's wire transfer service for high-value, same-day USD transfers between financial institutions. It supports both pulling funds into your VoPay account (fund) and pushing funds to a recipient (withdraw). Transactions are denominated in USD and are irrevocable once submitted. Fedwire operates during Federal Reserve business hours.

Use Cases

• High-Value B2B Settlements — Transfer large sums between businesses with same-day finality and no dollar-amount ambiguity.
• Real Estate Transactions — Fund property closings where same-day, irrevocable settlement is contractually required.
• Treasury and Cash Management — Move large balances between accounts to optimize liquidity across entities.
• Securities Settlement — Fund or receive proceeds from securities transactions that require same-day delivery.
• International Wire Funding — Initiate the USD leg of cross-border transactions through the Federal Reserve network.