The Federal Reserve is adopting the ISO 20022 messaging standard for wire transfers, replacing the current Fedwire Application Interface Manual (FAIM) format. This change enhances global compatibility and streamlines wire processing.
Effective July 14, 2025, all wire transfers must comply with the new ISO 20022 format.
What is ISO 20022?
The Federal Reserve Bank is implementing the ISO 20022 message format for its Fedwire Funds Service, which aims to enhance the efficiency of domestic and cross-border payments. ISO 20022 is a globally recognized messaging standard that many financial institutions already use.
As part of this update, you’ll see some changes in wire transfer terminology:
| Current Terminology |
New Terminology (effective July 14, 2025) |
| Credit Account Name |
Creditor
|
| Originator |
Debtor |
| Originating Bank/Sending Bank |
Debtor and Instructing Agent |
| Beneficiary Bank |
Creditor Agent |
| Routing Number |
Agent ID |
| Reference Beneficiary |
End-to-End ID |
| Address Line 1 |
Building Number, Street Name |
| Address Lines 2-3 |
Department, Subdepartment, Building Name, Floor, Room, Town Location Name, District Name, Post Box |
| City |
Town Name |
| State |
Country Subdivision |
| Zip Code |
Post Code |
| Country |
Country Code |
| Account Number |
Account Number |
| Amount |
Amount |
| Remarks |
Remittance Information |
Timeline of Key Changes
- On June 2, 2025, you'll receive an email with personalized instructions:
- On July 8, 2025, you'll receive a reminder email with final steps before the migration.
- On July 11, 2025, at 5 p.m. CT, the system lockout begins. Wire and template functionality will be temporarily unavailable until July 13, 2025, at 11:59 p.m. CT.
- On July 14, 2025, the ISO 20022 goes live. Log in to ensure your wire templates and settings are working correctly.
What should you expect on July 14, 2025?
Once the new ISO 20022 format is live, review your creditor details (formerly known as beneficiaries), especially for any recurring wires. Updates to creditor information cannot be made before the transition, so we recommend logging in on July 14 to confirm everything is accurate.
International wires will require extra attention starting July 14 and may need manual adjustments before processing successfully. One key change to note is that a new required field — Town Name (currently referred to as “City”) — must be completed for international wires to process.
Actions you can take right now
Log in to make sure your contact info, notifications and user permissions are up to date.
Take a moment to check your wire beneficiaries and remove those you no longer use.
On July 14, 2025, log in to confirm your recurring wire details are accurate.
We're here to help.
If you have any questions about the upcoming migration to ISO 20022, please contact the Wire Service team at 210-572-9273, 844-548-9473 or
wires.service@texaspartners.bank. The Wire Service team is available Monday through Friday, 8 a.m. to 5 p.m. CT.
