Payments Industry Updates | Audit & Compliance

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Fedwire Offline Wire Service Retires December 31

We want to remind our members that the Federal Reserve is retiring the Fedwire Offline Wire Service on December 31, 2024.

Whether your organization is using the Fedwire Offline Wire service for day-to-day processing or just as a contingency, every organization using the Fedwire Funds Service MUST act by 12/31/2024 to prepare for this change.

Be sure to visit the Federal Reserve's Offline Wire Resource Center to watch the informational webinar recording and review the relevant FAQs to help identify the action items that must be completed by 12/31/2024 to avoid interruption of offline wire processing beginning January 1, 2025.

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