Federal Reserve proposes skinny master accounts for fintech and crypto firms
The Federal Reserve has proposed a new type of account for fintech and crypto firms, known as a 'skinny master account.' This account would provide limited access to the Fed's payment systems, allowing eligible non-bank institutions to send and receive payments. However, these accounts come with significant restrictions, including no interest on balances and no access to emergency lending facilities.
- ▪The proposed 'skinny master account' would allow non-bank companies limited access to Fedwire and FedNow.
- ▪These accounts will not pay interest on balances and will have strict limits on overnight funds.
- ▪Access to the Fed's discount window and the FedACH system will be excluded from these accounts.
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Federal Reserve proposes skinny master accounts for fintech and crypto firms The Fed's new 'payment accounts' would give non-bank companies limited direct access to Fedwire and FedNow, without the full privileges traditional banks enjoy. Share Add us on Google by Editorial Team May. 20, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The Federal Reserve wants to let fintech and crypto companies plug directly into its payment rails.
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