Realtime
Column exposes the ability to send and receive realtime payment transfers through the Federal Reserve's FedNow Service and The Clearing House's Real Time Payments Network. The FedNow Service and Real Time Payment Network enable you to send realtime transfers from and receive transfers to any Column bank account. Realtime transfers can only be sent and received in USD.
Realtime transfers can be sent to and from Column 24/7/365, except for scheduled network downtime for maintenance, and are processed whenever the FedNow Service and Real Time Payments Network are operating.
Missing something that you'd find helpful? Send us an email at support@column.com.
Returning Realtime Transfers
We provide the ability to easily return incoming realtime transfers under reasonable banking-related circumstances, such as when the beneficiary information in the transfer does not match the recipient account or when the funds are sent to a non-existent account. Similar to domestic wires, realtime transfers are irrevocable, meaning that outgoing realtime transfers cannot be reversed by Column.
Raw Data
Realtime transfers on both the FedNow Service and Real Time Payments network use the ISO 20022 messaging format. ISO 20022 messages contain an immense amount of data that we make available in our API payloads.
Limits
Realtime transfers are subject to limits set by the Federal Reserve and The Clearing House. The FedNow Service has a per-transaction limit of $500,000 while the Real Time Payments Network has a per-transaction limit of $10,000,000.
Valid Characters Permitted
The ISO 20022 message standard defines a set of valid characters permitted in FedNow and RTP messages. Messages with invalid characters will be rejected by the FedNow Service and Real Time Payments Network. The following regular expression can be used to detect invalid characters [^A-Za-z\d/\-?:( ).,'+]. Valid characters include:
- Alphanumeric:
A-Z,a-z,0-9and spaces .(period),(comma)?(question mark):(colon)/(forward slash)((left parenthesis))(right parenthesis)'(apostrophe)+(plus)-(minus/hyphen) The following additional characters are allowed for emails:@(at)