On: It’s Time for Real Time Settlement

[cameldrv]

For bigger transfers, the $10-20 fee for a fedwire is no longer much of a factor, so people will just use that.

[JumpCrisscross → cameldrv]

> the $10-20 fee for a fedwire is no longer much of a factor

That is almost entirely your bank charging a mark-up.

The Fed charges its members between 3.3¢ and 84¢ per wire, depending on things [1]. (It can go as high as $1.20 for a $100+ million wire from a bank that handles fewer than 14,000 wires a month.)

My bank, for instance, doesn’t charge anything for wires.

[1] https://www.federalreserve.gov/newsevents/pressreleases/file... page 34

[whitepoplar → JumpCrisscross]

Which bank do you use that doesn't charge for wires?

[toomuchtodo → whitepoplar]

Not OP, but Fidelity is the only financial services firm I'm aware of that doesn't charge inbound or outbound wire fees (exceptions apply if you're a high net worth individual at other firms).