US Clearing networks

The US have 2 electronic clearing channels run by the federal reserve.  These are called FEDwire and FEDACH.

Below are the details for US USD clearing.  Typically you will need to look for the service you are looking for in the field serviceIdfield, these are

FEDWIRE

FEDACH

and to see that the field directIndirect is either D or I to ascertain if the bank is a member of the network.

FEDACH

The ACH system exchanges batched debit and credit payments among business, consumer and government accounts. The system processes pre-authorized recurring payments such as payroll, Social Security, mortgage and utility payments and non-recurring payments such as telephone-initiated payments and the conversion of checks into ACH payments at lockboxes and points of sale

Field Name Description Sample Data
serviceId: Service Name FEDACH
currency: ISO Currency Code USD
participantId: Routing Number 26009593
participantName: The Institution name BANK OF AMERICA N.A.
participantType:
directIndirect: “D” if directly connected
“I” if indirectly connected
I
intermediaryId: The routing number of the directly connected participant if indirectly connected 21001208
addressableId:
attributeType1: State and ZIP code State and ZIP code
attributeValue1: State and ZIP code VA 23261 7025
attributeType2: Telephone number Phone
attributeValue2: Telephone Area Code, Prefix and Suffix 8004460135
attributeType3: Institution Status Code Status Code
attributeValue3: 1
countryCode: ISO Country Code US

FEDWIRE

Wire transfers sent via Fedwire are completed in the same day, while some are completed instantly.

Field Name Description Sample Data
serviceId: Service Name FEDWIRE
currency: ISO Currency Code USD
participantId: Routing Number 26009593
participantName: The Institution name BK AMER NYC
participantType: Concatenation of 3 characters:
• 1st position: “F” (funds transfer eligible) or “N” (not eligible)
• 2nd position: “S” (funds transfer settlement capable) or “N” (not capable)
• 3rd position: “B” (book-entry securities transfer capable) or “N” (not capable)
FNN
directIndirect: “D” if directly connected
“I” if indirectly connected
I
intermediaryId: The routing number of the directly connected participant if indirectly connected
121000248
addressableId: Null Null
attributeType1:
Fedwire Fund Status
Null
attributeValue1: Null Null
attributeType2:
Wire Transact Code
Null
attributeValue2: Null Null
attributeType3:
Fedwire Corr
Null
attributeValue3: correspondent routing number
121000248
countryCode: ISO Country Code US