OceanFirst Expands Payment Services with the FedNow® and RTP®

At OceanFirst, we’re always looking for ways to make banking easier, faster, and more secure. That’s why we’re excited to expand our instant payment services with the FedNow® Service and RTP® (Real-Time Payments) from The Clearing House. These platforms give you more ways to move money in real time—24/7, 365 days a year, so you can access your funds when you need them most. 

What is the FedNow® Service? 

The FedNow® Service is the Federal Reserve’s instant payment platform, designed to give financial institutions nationwide the ability to send and receive payments in real time, around the clock. For OceanFirst customers, this means faster access to funds with the safety and security you expect from the Federal Reserve system. 

What is RTP®? 

RTP® from The Clearing House is another leading real-time payments network, available to federally insured U.S. depository institutions of all sizes. As more businesses and consumers move toward mobile and digital payments, RTP® helps improve speed, reliability, and convenience, giving OceanFirst customers more flexibility in how money moves. 

What This Means for You 

With both the FedNow® Service and RTP®, OceanFirst customers can now receive payments instantly—anytime, any day. 

• For Businesses: Faster deposits improve cash flow, reduce payment uncertainty, and keep operations moving. 

• For Consumers: Immediate access to funds provides peace of mind, flexibility, and more control over day-to-day finances. 

Currently, OceanFirst is live as a receive-only bank on both platforms, meaning you can start benefiting from faster incoming payments today. In the next phase, we’ll introduce the ability to send payments in real time, unlocking even greater convenience. 

How Is This Different from Zelle® or Other Payment Apps? 

Zelle®, Apple Pay, and similar apps are great for everyday peer-to-peer payments. The FedNow® Service and RTP®, however, are bank-based networks designed for both businesses and individuals, making them powerful tools for larger payments, payroll, vendor transactions, and more. With these services, money moves instantly, securely, and directly to your OceanFirst account. 

OceanFirst: Always Moving Forward 

Bringing both the FedNow® Service and RTP® to our customers reflects our commitment to innovation and customer-first banking. From mobile banking to HAILEY, our 24/7 intelligent virtual assistant, we’re focused on creating seamless experiences that make managing money easier—on your terms. 

Stay tuned as we continue to expand instant payment options and roll out the ability to send payments in real time. With OceanFirst, you’ll always have access to faster, safer ways to move money when it matters most.