U.S. Century Bank now offers the ability to receive instant payments through the FedNowSM Service, a network of U.S. banks and credit unions developed by the Federal Reserve. This innovative service, also known as real-time payments, enhances the way you receive money, enabling faster, seamless, and more secure transactions around the clock.
Receive Payments – in Seconds!
With the FedNow Service, you don't have to worry about waiting for payments to clear. You can access your money as soon as it is received, any time of the day, any day of the year. Whether you need to pay bills, cover expenses, or invest in your business, FedNow gives you the instant cash flow you need.
Instant payments can help businesses and individuals:
- Improve cash flow by having immediate access to funds
- Pay bills on time and avoid late fees or overdraft charges
- Manage finances more efficiently
- Receive money securely and conveniently
Advantages for Businesses
You can accept real-time customer payments, access funds quickly, and streamline payroll and vendor payments without waiting periods, improving overall cash flow and operational efficiency.
Benefits for Personal Accounts
The FedNow Service offers another convenient way for personal account users to receive payments instantly from people they know and trust. You can get money from family, friends, or service providers without delays. Your funds are instantly available, so you can manage your finances more easily.
How Does it Work?
Receiving instant payments via the FedNow Service to your U.S. Century Bank Business DDA Checking, Personal Checking, Now Account, or Personal Savings account is easy. You can receive instant payments from any bank that participates in the FedNow Service, which includes most of the major banks in the United States. To ensure a smooth process:
- Confirm that the sender’s bank is also part of the FedNow Service system and enabled to send payments. Click here to see a list of participating banks.
- Provide the sender with U.S. Century Bank’s routing number: 067015397 and your account number. Other information may be requested depending on the requirements of the sender’s financial institution.
Committed to Innovative Banking Solutions
At U.S. Century Bank, we are committed to being a reliable financial partner for our customers’ growth and success. The FedNow Service is another way we are leveraging the latest technology and best practices to offer solutions that facilitate fast and secure transactions. We are proud to be among the first to adopt this innovation, as fintech continues shaping the future of banking.
For more information about the FedNow Service, contact your relationship officer or our Customer Service team today.
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Small Business Administration (SBA)
