Fedwire is a real-time gross settlement (RTGS) system operated by the Federal Reserve System, which is the central bank of the United States. The Fedwire system is used by banks and financial institutions to transfer funds and settle transactions in US dollars between accounts at different banks.
The Fedwire system was established in 1918 and is one of the largest and most important payment systems in the world. It is used by thousands of banks and financial institutions, including large commercial banks, central banks, and government agencies.