Outbound and inbound
Instant Payment flow
Cross River allows you to immediately send or receive funds via Book Transfer, the Federal Reserve's FedNow Service and The Clearing House's Real Time Payment Network. These transfers can be sent to and from Cross River 24/7/365 and the funds are credited instantly, as long as the CRNow, FedNow and RTP networks are operational and the requested service is supported by the receiving institution.
Outbound credit transfer
The following diagram shows the status and webhook event flows for outbound instant payment credit transfers.
See our tutorial to learn how to send an instant payment.
Inbound credit transfer
The following diagram shows the status and webhook flows for inbound instant payment credit transfers:
Financial institution - supported services
Cross River provides a directory API to retrieve a list of TCH and FedNow services available from a financial institution. A successful API call returns a JSON response listing the supported services for the specific institution. If the institution participates in both networks, the response includes a separate list of services for each.
- The receiveServices object contains the service codes.
- The networkPlatform attribute specifies the Instant Payments network.
Even if the financial institution lists a specific service, it does not guarantee that the creditor or debtor account at that institution is eligible for it.
Using our APIs you can see a complete list of TCH services and FedNow services.