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Re:Fintech Experts: How is this company doing this? by YuriNiyazov on Monday September 13, 2021 @11:05PM (#28519731)
These are the fedwire fees:

https://www.frbservices.org/resources/fees/wires-2021.html

All fees under $1

Re:Fintech Experts: How is this company doing this? by homedepotdave on Tuesday September 14, 2021 @01:51AM (#28520738)
Alright yuriniyazov, I’ve been reading for hours about Fedwire but I’m still a bit stumped. To participate directly in Fedwire you need to have a Master account with the Fed, in which case you need to basically be a bank. So they… have a secret subsidiary that’s a bank that has a fed master account? Or somehow a very, very good relationship with their bank such that their bank (which has a master account) proxies the Fedwire transactions for them at cost?