FedNow Instant Payments
Money moves fast. Now your payments can too.
Eligible payments processed 24 hours a day, 7 days a week, even on weekends and holidays.
What is FedNow?
FedNow is the Federal Reserve’s instant payment network that helps participating financial institutions move money in real time. That means eligible payments can be sent and received in seconds instead of waiting hours or days for traditional processing.
Whether you’re reimbursing a friend, paying a contractor, sending money to family, or receiving a payment, FedNow helps get money where it needs to go, when it needs to get there.
When Would I Use FedNow?
FedNow can be helpful anytime timing matters.
Common uses include:
💸 Sending money to family members
🏠 Making time-sensitive payments
🧾 Paying contractors or service providers
🤝 Reimbursing friends
💼 Receiving payments for freelance or gig work
⚡ Accessing funds sooner when every minute counts
FedNow is available 24/7, so payments aren’t limited by traditional banking hours.
Sending Money is Easy
You can send FedNow payments directly from Online Banking or the Point West mobile app. Before you begin, you’ll need some information from the person you’re sending money to.
You’ll need:
✅ Name
✅ Routing Number
✅ Account Number
✅ Account Type (Checking or Savings)
✅ Address information (if required)
Once submitted, eligible payments can be delivered in seconds through participating financial institutions.
Receiving Money is Simple
Someone wants to send you a FedNow payment? They’ll need your account information to direct funds to the correct account.
They may need:
✅ Your Name
✅ Point West Routing Number (323075495)
✅ Your Account Number
✅ Account Type
✅ External Identifier Number (if needed, please reach out)
Not sure which account information to provide? We’re happy to help.
A Few Things To Know
> FedNow is available 24/7/365.
> Both financial institutions must participate in the FedNow network.
> Transaction limits may apply.
> Payments are processed quickly, so be sure to verify the recipient’s information before sending money.
> Certain transactions may be reviewed for security and fraud prevention purposes.
FAQ
Still Have Questions?
FedNow is the Federal Reserve’s instant payment service that allows participating financial institutions to send and receive payments in real time, 24 hours a day, seven days a week.
Most FedNow payments are designed to be completed in seconds.
Yes. Point West members can send eligible payments through Online Banking and the mobile app.
Yes. Point West members can receive FedNow payments from participating financial institutions.
You’ll generally need the recipient’s:
- Full name
- Routing number
- Account number
- Account type
Additional information may be required depending on the receiving institution.
The sender may need:
- Your name
- Point West routing number
- Your account number
- Your account type
- External Identifier Number (if needed, please reach out)
If you’re unsure what information to provide, contact us and we’ll help identify the correct details for your account.
Yes. FedNow operates 24 hours a day, 7 days a week, 365 days a year.
No. FedNow payments can be accessed through Online Banking or our Mobile App.
Instant payments are designed to be processed immediately. Members should carefully verify recipient information before submitting a payment.
FedNow operates through the Federal Reserve’s instant payment network, and participating financial institutions use security and fraud prevention measures to help protect members.
Point West does not charge any fees in relation to the use of FedNow.