Payment Schemes & Account Identifiers
What are Payment Schemes?
Payment schemes are the different payment types banks use to send and receive money - like SEPA in Europe or SWIFT for international transfers. Each one works a little differently, with its own rules, settlement times and cut off times. Atlar helps by bringing all these schemes together into one place, so you don’t have to worry about the details. You can send and track payments easily, no matter which scheme is being used behind the scenes.
Payment schemes
Below table outlines the currently available payment schemes in the Atlar dashboard. If you notice a scheme that is not available, ping the Atlar team who will look into enabling it for you together with the bank.
| Market | Currency | Payment scheme | Abbreviation |
|---|---|---|---|
| All | All | Cross border / SWIFT | CROSS_BORDER |
| SEPA | EUR | SEPA Credit Transfer | SCT |
| SEPA | EUR | SEPA Instant Credit Transfer | SCT_INST |
| UK | GBP | UK BACS | GB_CT_BACS |
| UK | GBP | UK CHAPS | GB_CT_CHAPS |
| UK | GBP | UK Faster Payments | GB_CT_FPS |
| SE | SEK | Swedish account-to-account | SE_A2A |
| SE | SEK | Swedish Bankgiro and/or Plusgiro | SE_GIRO |
| DK | DKK | Danish account-to-account | DK_A2A |
| DK | DKK | Danish same-day credit transfer | DK_CT_SAMEDAY |
| DK | DKK | Danish instant credit transfer | DK_CT_INST |
| DK | DKK | Danish FIK71 credit transfer | DK_CT_FIK71 |
| DK | DKK | Danish FIK73 credit transfer | DK_CT_FIK73 |
| DK | DKK | Danish FIK71 credit transfer | DK_CT_FIK75 |
| CH | CHF | Swiss account-to-account | CH_CT |
| NO | NOK | Norwegian account-to-account | NO_CT |
| NO | NOK | Norwegian KID payment | NO_CT_KID |
| US | USD | US ACH | US_CT_ACH |
| US | USD | US Wire | US_CT_WIRE |
| IS | ISK | Icelandic account-to-account | IS_CT |
| AU | AUD | Australian account-to-account | AU_CT |
| AU | AUD | Australian BPAY | AU_CT_BPAY |
| IL | ILS | Israel account-to-account | IL_CT |
| SG | SGD | Singapore account-to-account | SG_CT |
| BG | BGN | Bulgarian account-to-account | BG_CT |
| MX | MXN | Mexican account-to-account | MX_CT |
| KR | KRW | South Korean account-to-account | KR_CT |
| TH | THB | Thai account-to-account | TH_CT |
| CA | CAD | Canadian Lynx credit transfer | CA_CT_LYNX |
| CA | CAD | Canadian ACSS credit transfer | CA_CT_ACSS |
| PL | PLN | Polish account-to-account | PL_CT |
Account- and routing identifiers
When creating a credit transfer or direct debit, the Atlar system will validate the account- and routing identifiers of the counterparty to ensure sufficient information is populated to be able to create the transfer.
- Account identifiers are for example a counterparty's IBAN or account number, where Atlar validates the correctness of such together with the payment scheme chosen
- Routing identifiers are for example the BIC / SWIFT code and/or the routing number for a specific market, where Atlar validates the correctness of such together with the payment scheme chosen
The below sections outlines the requirements to perform certain payments via the Atlar dashboard.
SEPA payments
SEPA is a European initiative that enables fast and standardized EUR payments across participating countries, simplifying cross-border transactions within the EU and select non-EU countries.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| SEPA credit transfer | IBAN | Depends on the counterparty market | ❌ No | BIC / SWIFT | 8-11 characters |
| SEPA Instant credit transfer | IBAN | Depends on the counterparty market | ❌ No | BIC / SWIFT | 8-11 characters |
| SEPA Direct Debit CORE | IBAN | Depends on the counterparty market | ❌ No | BIC / SWIFT | 8-11 characters |
| SEPA Direct Debit B2B | IBAN | Depends on the counterparty market | ❌ No | BIC / SWIFT | 8-11 characters |
Domestic payments
Sweden
Domestic payments in Sweden have to be initiated from/to an account in Sweden held with a currency in SEK.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Swedish account-to-account | IBAN | 24 characters | Opt for IBAN. If not possible, refer to "international payments" below | Opt for IBAN. If not possible, refer to "international payments" below | Opt for IBAN. If not possible, refer to "international payments" below |
| Swedish bankgiro | Bankgiro | ❌ No | Bankgiro number: 7-8 digits | ❌ No | ❌ No |
| Swedish plusgiro | Plusgiro | ❌ No | Plusgiro number: 2-8 digits | ❌ No | ❌ No |
| Autogiro | IBAN | 24 characters | Opt for IBAN. If not possible, refer to "international payments" below | Opt for IBAN. If not possible, refer to "international payments" below | Opt for IBAN. If not possible, refer to "international payments" below |
Denmark
Domestic payments in Denmark have to be initiated from/to an account in Denmark held with a currency in DKK.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Danish account-to-account | IBAN, or; Account number | 18 characters | 13 digits | ❌ No | ❌ No |
| Danish same-day credit transfer | IBAN, or; Account number | 18 characters | 13 digits | ❌ No | ❌ No |
| Danish instant credit transfer | IBAN, or; Account number | 18 characters | 13 digits | ❌ No | ❌ No |
| Danish FIK71 credit transfer (1) | FIK creditor number | ❌ No | FIK creditor number: 8 digits | ❌ No | ❌ No |
| Danish FIK73 credit transfer (2) | FIK creditor number | ❌ No | FIK creditor number: 8 digits | ❌ No | ❌ No |
| Danish FIK75 credit transfer (3) | FIK creditor number | ❌ No | FIK creditor number: 8 digits | ❌ No | ❌ No |
| Betalningsservice | IBAN, or; Account number | 18 characters | 13 digits | ❌ No | ❌ No |
- Reference: 15 digit OCR
- Reference: free text
- Reference: 16 digit OCR or free text
Norway
Domestic payments in Norway have to be initiated from/to an account in Norway held with a currency in NOK.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Norwegian account-to-account | IBAN | 15 characters | ❌ No | ❌ No | ❌ No |
| Norwegian KID payment (1) | IBAN | 15 characters | ❌ No | ❌ No | ❌ No |
- Reference: 4-25 digits KID reference
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 have to be initiated between two EUR accounts. If you are transferring to a non-EUR account, you can opt for an International payment / cross border.
United Kingdom
Domestic payments in United Kingdom have to be initiated from/to an account in United Kingdom held with a currency in GBP.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| UK account-to-account BACS | IBAN or; Account number + routing number | 22 characters | 8 digits | UK sort code | 6 digits |
| UK account-to-account CHAPS | IBAN or; Account number + routing number | 22 characters | 8 digits | UK sort code | 6 digits |
| UK account-to-account Faster Payments | IBAN or; Account number + routing number | 22 characters | 8 digits | UK sort code | 6 digits |
United States
Domestic payments in United States have to be initiated from/to an account in United States held with a currency in USD.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| US ACH* | Account number + routing number | ❌ No | 6-17 digits | US routing (ABA) | 9 digits |
| US Wire | Account number + routing number | ❌ No | 6-17 digits | US routing (ABA) | 9 digits |
- You always have to specify if the counterparty is a Company or Individual when performing US ACH payments. You can update this when creating the counterparty under More details > Type of Counterparty.
Switzerland
Domestic payments in Switzerland have to be initiated from/to an account in Switzerland held with a currency in CHF.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Swiss account-to-account | IBAN (account number available, opt for IBAN) | 21 characters | ❌ No | ❌ No | ❌ No |
Iceland
Domestic payments in Iceland have to be initiated from/to an account in Iceland held with a currency in ISK.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Icelandic account-to-account | IBAN | 26 characters | ❌ No | ❌ No | ❌ No |
Australia
Domestic payments in Australia have to be initiated from/to an account in Australia held with a currency in AUD.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Australian account-to-account | Account number + routing number | ❌ No | 6-10 digits | Australian BSB | 6 digits |
| Australian BPAY (1) | Australian BPAY biller code | ❌ No | Australian BPAY biller code: 4-6 digits | ❌ No | ❌ No |
- Reference: Customer Reference Number (CRN) 6-20 digits. Unique to each customer
Israel
Domestic payments in Israel have to be initiated from/to an account in Israel held with a currency in ILS.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Israel account-to-account | IBAN | 23 characters | ❌ No | ❌ No | ❌ No |
Singapore
Domestic payments in Singapore have to be initiated from/to an account in Singapore held with a currency in SGD.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Singapore account-to-account | Account number + routing number | ❌ No | 7-11 digits | Singapore IBG | 7 digits |
- Singapore's equivalent of a routing number is a 7-digit number made up of:
- Bank Code (4 digits): Identifies the bank and;
- Branch Code (3 digits): Identifies the branch
Bulgaria
Domestic payments in Bulgaria have to be initiated from/to an account in Bulgaria held with a currency in BGN.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Bulgarian account-to-account | IBAN (account number available, opt for IBAN) | 22 characters | ❌ No | ❌ No | ❌ No |
Mexico
Domestic payments in Mexico have to be initiated from/to an account in Mexico held with a currency in MXN.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Mexican account-to-account | Account number + routing number | ❌ No | 18 digits | Mexican ABM | ?? 3 digits or (6 digits for CLABE) |
South Korea
Domestic payments in South Korea have to be initiated from/to an account in South Korea held with a currency in KRW.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Korean account-to-account | Account number + routing number | ❌ No | 10-14 digits | South Korean BOK | ?? 3 digits |
Thailand
Domestic payments in Thailand have to be initiated from/to an account in Thailand held with a currency in THB.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Thai account-to-account | Account number + routing number | ❌ No | 9-12 digits | Thai CBC | ?? 3 digits |
Canada
Domestic payments in Canada have to be initiated from/to an account in Canada held with a currency in CAD.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Canadian Lynx credit transfer | Account number + routing number | ❌ No | 7-12 digits | Canadian routing (CPA) | 8 digits |
| Canadian ACSS credit transfer | Account number + routing number | ❌ No | 7-12 digits | Canadian routing (CPA) | 8 digits |
Poland
Domestic payments in Poland have to be initiated from/to an account in Poland held with a currency in PLN.
| Payment scheme | Counterparty requirements | Counterparty IBAN | Counterparty Account number | Counterparty Routing type | Counterparty Routing number |
|---|---|---|---|---|---|
| Polish account-to-account | IBAN or; Account number + routing number | 28 characters | 16 digits | Polish KNR | 8 digits |
International payments
When initiating a cross border / SWIFT / international payment there are additional requirements for the counterparty account details due to the nature of the payment.
- If the counterparty market supports IBAN, opt to add IBAN and BIC / SWIFT
- If the counterparty market does not support IBAN, opt to add account number, routing number and BIC / SWIFT
- Additionally, some banks require that both the payor and payee's address to be populated. Make sure to fill this in on both your entity (read more in Accounts & Entities) and the counterparty (read more in Counterparties)
Below table provides guidance on the account identifier and routing type requirements for international payments:
| Market code | Market | IBAN | Account number | Routing type | Routing number | Comment |
|---|---|---|---|---|---|---|
| AT | Austria | 20 characters | 11 digits | AT_DLZ Austrian Bankleitzahl | 5 digits | Use IBAN + BIC |
| AU | Australia | ❌ No | 6-10 digits | AU_BSB Australian BSB | 6 digits | |
| BE | Belgium | 16 characters | ❌ No | |||
| BG | Bulgaria | 22 characters | ❌ No | |||
| CA | Canada | ❌ No | 7-12 digits | CA_CPA Canadian routing (CPA) | 9 digits | Routing consist of transit number and fin.instituion number. If given as 8 (5+3) digits, prepend 0 (zero). |
| CH | Switzerland | 21 characters | 5–12 digits or; 9–12 digits | CH_SIC Swiss Bank Clearing Code or; CH_BCC Swiss Interbank Clearing | 5 digits or; 6 digits | Use IBAN |
| CN | China | ❌ No | 14-19 digits | CN_APS Chinese CNAPS | 12 digits | |
| CZ | Czech Republic | 24 characters | ❌ No | |||
| DE | Germany | 22 characters | 10 digits | DE_BLZ Germany Bankleitzahl | 8 digits | Use IBAN |
| DK | Denmark | 18 characters | 13 digits | Use IBAN | ||
| ES | Spain | 24 characters | 12 digits | ES_NCC Spanish NCC | 8 digits | Use IBAN |
| FI | Finland | 18 characters | ❌ No | |||
| FR | France | 27 characters | ❌ No | |||
| GB | United Kingdom | 22 characters | 8 digits | GB_DSC UK sort code | 6 digits | Use IBAN |
| GR | Greece | 27 characters | 16 upper and lower case alphanumeric character account number | GR_BIC Greek BIC | 7 digits | Use IBAN |
| HK | Hong Kong | ❌ No | 9-12 digits | HK_NCC Hong Kong NCC | 3-6 digits | |
| HR | Croatia | 21 characters | 10 digits | - | 7 digits | Use IBAN |
| HU | Hungary | 28 characters | ❌ No | - | - | Use IBAN |
| IE | Ireland | 22 characters | 8 digits | IE_NCC Irish NCC | 6 digits | Use IBAN |
| IT | Italy | 27 characters | c5n5n routing + 12c account number | IT_NCC Italian NCC | c5n5n | Use IBAN |
| IN | India | ❌ No | 10-20 digits | IN_FSC Indian FSC | 11 digits | |
| JP | Japan | ❌ No | 7 digits | JP_ZGN Japanese Zengin | 4 digits | |
| LT | Lithuania | 20 characters | ❌ No | - | - | |
| LU | Luxembourg | 20 characters | ❌ No | - | - | |
| MX | Mexico | ❌ No | 11 digits | MX_ABM Mexican ABM | 3 digits | |
| NL | Netherlands | 18 characters | ❌ No | - | - | |
| NO | Norway | 15 characters | ❌ No | - | - | |
| NZ | New Zeeland | NZ_NCC New Zeeland NCC | ||||
| PL | Poland | 28 characters | 16 digits | PL_KNR Polish KNR | 8 digits | Use IBAN |
| PT | Portugal | 25 characters | 13 digits | PT_NCC Portuguese NCC | 8 digits | Use IBAN |
| RO | Romania | 24 characters | ❌ No | |||
| SE | Sweden | 24 characters | 4-12 digits | SE_SBA Swedish Clearing number | 4-5 digits | e.g. ccccaaaaaaa where c is a clearing digit and a is an account number digit Note: if you are not using IBAN, add the clearing number+account number as the account number |
| SG | Singapore | ❌ No | 7-11 digits | SG_IBG Singapore IBG | 7 digits | Singapore's equivalent of a routing number is a 7-digit number made up of: - Bank Code (4 digits): Identifies the bank and; - Branch Code (3 digits): Identifies the branch |
| SI | Slovenia | 19 characters | 10 digits | - | 5 digits | Use IBAN |
| SK | Slovakia | 24 characters | ❌ No | |||
| TH | Thailand | ❌ No | TH_CBC Thai CBC | |||
| TW | Taiwan | ❌ No | TW_NCC Taiwanese NCC | |||
| US | United States | ❌ No | 6-17 digits | US_ABA US Routing (ABA) | ||
| VN | Vietnam | ❌ No | ||||
| ZA | South Africa | ❌ No | ZA_NCC South African NCC |
Updated 4 months ago