Few central banks offer free RTGS transactions

Most central banks use a mix of fixed and variable fees to recoup RTGS operating costs

A small number of central banks allow users to settle payments via the real-time gross settlement (RTGS) system for free, but this is far from the norm.

The Payments Benchmarks 2022 found 88.6% of central banks impose some form of charge for use of the RTGS system. Of these central banks, the most common approach is to charge a mix of fixed and variable fees.

A few respondents provided data on the overall annual operating cost for the RTGS system. The median respondent incurred costs of $234

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