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RTGS Systems
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Real Time Gross Settlement (RTGS)
What is Real Time Gross Settlement (RTGS). Real time gross settlement (RTGS) is a system that allows banks to transfer money to each other instantly and individually, without waiting for batch processing. Each payment is settled one by one, in real time and once completed, it is final.
Fedwire
What is Fedwire. Fedwire is a high-value, real-time funds transfer system operated by the federal reserve system. It is primarily used by banks and other financial institutions to send large-dollar, time-critical payments within the United States.
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