Banking

Fed to change bank application filing system this month

The Federal Reserve revealed today that it will change its existing bank application filing system with a brand-new and updated system later on this month. The cloud-based system, referred to as FedEZFile, will supply real-time status tracking, two-way messaging and digitally signed files for applications, according to the company. The substantive requirements of applications will stay the exact same with the brand-new system.

FedEZFile will use Login.gov, a safe and secure sign-in service run by the federal government that enables people to utilize a single username and password to gain access to taking part federal government company sites. The system will be available by means of PC, tablet and mobile phone. A guide service called “FedEZFile Fluent” will be offered through the Fed’s site and supply detailed directions on how to sign up for FedEZFile, send an application and gain access to filing details.

Users will have the ability to sign up for FedEZFile and gain access to FedEZFile Fluent beginning Oct. 17. Upon FedEZFile going live, users will no longer have the ability to gain access to E-Apps. All pending applications submitted prior to Oct. 17 will be moved to FedEZFile for ongoing processing. An “Ask the Fed” webinar on the brand-new system will be arranged at a later date.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

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