The Dime Bank is live on the Federal Reserve’s instant payment rail, the FedNowSM Service.
The FedNow Service, an instant payment infrastructure developed by the Federal Reserve, allows The Dime Bank to provide safe and efficient instant payment services. The Dime Bank can receive instant payments from other participating institutions.
One of the primary advantages is the ability to clear and settle transactions in real time - allowing The Dime Bank to enable our customers to instantly receive money.
- Reduce the risk of overdraft and late fees with immediate fund availability.
- Gain better control of cash flow management, improve efficiency of corporate receivables, and streamline the reconciliation processes.
With The Dime Bank participating in the FedNow Service, businesses and individuals can receive instant payments in real time, around the clock, every day of the year. This assists with money management, allowing for greater financial flexibility when receiving time-sensitive payments.
The Dime Bank believes in creating amazing customer experiences with the best in banking online and in person so your financial goals become your reality. We're your community bank with several branches in Northeast Pennsylvania.
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