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 underMore 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:
1. Bank Code (4 digits): Identifies the bank and;
2. 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	8-11 digits	ZA_NCC South African NCC	6 digits