Newtek Bank enables instant payments 24/7 via FedNow and RTP networks with no fees.

Newtek Bank, a subsidiary of NewtekOne, now allows commercial customers to receive instant payments anytime through the Federal Reserve's FedNow Service and The Clearing House's RTP network. This service operates 24/7/365 with no fees for receiving payments, and funds earn interest the same day. The bank integrates this capability with its Newtek Advantage online portal, offering real-time banking, payroll, and business analytics, enhancing convenience and cost savings for clients. NewtekOne aims to attract new customers with a combined offer of instant credit, merchant accounts, and bank accounts, all linked through its technology platform.