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Payment schemes define how money moves between banks. Each scheme—like SEPA in Europe or SWIFT for international transfers—has its own rules, settlement times, and cut-off deadlines. Atlar brings all these schemes together in one place so you can send and track payments without worrying about the underlying network.

Payment schemes are the different payment types banks use to send and receive money. While each scheme operates differently, Atlar abstracts those differences and provides a single interface for creating, sending, and monitoring payments.

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Available payment schemes

The table below outlines the payment schemes currently supported in the Atlar dashboard. If you need a scheme that isn’t listed, contact the Atlar team, and they can work with your bank to explore enabling it for you.

Account and Routing Identifiers

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Atlar validates account and routing details for every payment.

This ensures all required information is present and correct before a credit transfer or direct debit is sent.

When creating a credit transfer or direct debit, Atlar checks that the counterparty’s account and routing identifiers are valid for the chosen payment scheme.

• Account identifiers – Examples include a counterparty’s IBAN or local account number. Atlar validates the format and correctness against the selected payment scheme.
• Routing identifiers – Examples include BIC/SWIFT codes or local routing numbers. Atlar verifies these details to match the market and payment scheme requirements.

This validation ensures that transfers have the necessary data to be successfully processed by the receiving bank.

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SEPA payments

SEPA (Single Euro Payments Area) is a European initiative enabling fast and standardized EUR payments across participating countries. It simplifies cross-border transactions within the EU and select non-EU countries by enforcing common standards for account and routing identifiers.

Domestic payments

Sweden

Domestic payments in Sweden must be initiated from/to an account in Sweden held in SEK.

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Tip: Always use an IBAN when possible to simplify validation and avoid errors.

If IBAN is not available, follow the “international payments” requirements for cross-border transfers.

Denmark

Domestic payments in Denmark must be initiated from/to an account in Denmark held in DKK.

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Tip: Use IBAN whenever available to simplify validation and ensure seamless processing.

1. Reference: 15-digit OCR
2. Reference: free text
3. Reference: 16-digit OCR or free text

Norway

Domestic payments in Norway must be initiated from/to an account in Norway held in NOK.

Finland

Domestic payments in Finland are mostly initiated as SEPA transfers—opt for this payment scheme when performing domestic payments within Finland.

Note: The transfer must be initiated between two EUR accounts. If you are transferring to a non-EUR account, you can opt for an International payment / cross-border transfer.

United Kingdom

Domestic payments in the United Kingdom must be initiated from/to an account in the UK held in GBP.

United States

Domestic payments in the United States must be initiated from/to an account in the United States held in USD.

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Note: You must always specify whether the counterparty is a Company or an Individual when performing US ACH payments.

Update this when creating the counterparty under More details → Type of Counterparty.

Switzerland

Domestic payments in Switzerland must be initiated from/to an account in Switzerland held in CHF.

Iceland

Domestic payments in Iceland must be initiated from/to an account in Iceland held in ISK.

Australia

Domestic payments in Australia must be initiated from/to an account in Australia held in AUD.

When using BPAY, you must provide the biller code along with any customer reference required by the biller.

Israel

Domestic payments in Israel must be initiated from/to an account in Israel held in ILS.

Singapore

Domestic payments in Singapore must be initiated from/to an account in Singapore held in SGD.

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Note: Singapore’s equivalent of a routing number is a 7-digit number composed of:

1. Bank Code (4 digits) – Identifies the bank.
2. Branch Code (3 digits) – Identifies the branch.

Bulgaria

Domestic payments in Bulgaria must be initiated from/to an account in Bulgaria held in BGN.

Mexico

Domestic payments in Mexico must be initiated from/to an account in Mexico held in MXN.

South Korea

Domestic payments in South Korea must be initiated from/to an account in South Korea held in KRW.

Thailand

Domestic payments in Thailand must be initiated from/to an account in Thailand held in THB.

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Regulatory reporting for cross-border payments to Thailand
For payments to Thailand from outside the country, you must include a transaction purpose code in the payment payload.

Required fields in the payment payload:

JSON

"regulatoryReporting": {
  "country": "TH",
  "purpose": "<purpose code from official list>",
  "description": "<optional free-text, if required>"
}

Purpose codes must be selected from the official lists:

• Transaction Purpose Classification (Non-Residence)
• Bank of Thailand: Data Acquisition

Canada

Domestic payments in Canada must be initiated from/to an account in Canada held in CAD.

Poland

Domestic payments in Poland must be initiated from/to an account in Poland held in PLN.

International payments

When initiating a cross-border / SWIFT / international payment, additional counterparty account details are required because of the nature of these transfers.

• If the counterparty market supports IBAN, provide both IBAN and BIC/SWIFT.
• If the counterparty market does not support IBAN, provide the account number, routing number, and BIC/SWIFT.
• Some banks require both the payor and payee addresses to be populated. Make sure to add these for both your entity (see Accounts & Entities) and the counterparty (see Counterparties).

Below is a reference table outlining account identifier and routing type requirements for international payments: