TrueLayer: Open Banking API, Pay-by-Bank & Bank Coverage

TrueLayer at a glance

Headquarters: United Kingdom
Banks covered: 70+ institutions
Countries: 16
Products: Account data (AIS), pay-by-bank payments (PIS) and account verification
Licence: FCA-authorised under PSR 2017 & EMR 2011 (UK, FRN 901096); EU entity regulated by the Central Bank of Ireland
Bank connections: Official bank APIs
Sandbox: Yes
Pricing: Custom / enterprise quote; payments priced per transaction (quote from sales)
Last updated: October 2026

Source: Open Banking Tracker data and TrueLayer's public documentation and regulator registers. Confirm details with TrueLayer before you rely on them.

Coverage by country

Top 12 of 16 countries, by institutions listed.

Who uses TrueLayer

44 companies disclose TrueLayer in their embedded-finance stack, ranking it #5 of 87 in Open Banking.

By segment

Fintech45%
Infrastructure25%
Vertical SaaS16%
Bank7%
Other7%

By region

UK26
EU10
US4
Other4

Used for

Open Banking43

Often used alongside

Plaid 20%
Currencycloud 15%
Stripe 15%
Checkout.com 10%
Wise Platform 10%
Yapily 10%
Adyen 5%
GoCardless 5%

Share of TrueLayer's customers that also disclose each provider.

See all 44 customers on the Embedded Finance Index ↗

Banks supported by TrueLayer

70+ institutions connect through TrueLayer. Pick a bank for its connection guide, or check a whole list of banks at once.

AIB (Allied Irish Banks)

NATIONWIDE BUILDING SOCIETY

RBS (Royal Bank of Scotland)

Ulster Bank (Nothern Ireland)

Volksbanken Raiffeisenbanken

Connect guide →

Wells Fargo

Connect guide →

YORKSHIRE BUILDING SOCIETY

Connect guide →

TrueLayer vs alternatives

TrueLayer vs Plaid70 vs 9,666 banks

TrueLayer vs Mastercard Open Banking70 vs 4,352 banks

TrueLayer vs GoCardless70 vs 2,229 banks

TrueLayer vs Volt70 vs 1,668 banks

TrueLayer vs Salt Edge70 vs 1,586 banks

TrueLayer vs Tink70 vs 511 banks

TrueLayer vs Yapily70 vs 445 banks

TrueLayer vs Powens70 vs 116 banks

TrueLayer vs enable:Banking70 vs 108 banks

TrueLayer vs Pluggy70 vs 99 banks

TrueLayer vs Neonomics70 vs 98 banks

TrueLayer vs Bridge70 vs 82 banks

TrueLayer vs Nordigen70 vs 54 banks

TrueLayer vs Fintecture70 vs 34 banks

TrueLayer vs Belvo70 vs 18 banks

All TrueLayer alternatives · Compare any two aggregators · Which aggregator covers your banks?

What is TrueLayer?

TrueLayer is a banking API aggregator: one integration model so apps can reach many institutions with user consent. We list about 70 institutions in this directory; your app’s real coverage can still differ by product and market. For a simple mental model, TrueLayer is like a power strip for financial data: many banks share one interface, and your product plugs in once.

Building on TrueLayer? See its API and SDKs on API Tracker.

TrueLayer FAQ

What is TrueLayer?

TrueLayer is an open banking API aggregator headquartered in GB. It provides account information (AIS), payment initiation (PIS), account or identity verification through a single integration, so apps can reach many banks with the customer's consent instead of building one connection per bank.

How many banks does TrueLayer support?

Open Banking Tracker lists 70 institutions reachable through TrueLayer. Real coverage can differ by product, market, and individual bank, so use the supported-banks table on this page and confirm specific institutions in TrueLayer's own documentation.

Is TrueLayer regulated?

Yes. FCA-authorised under PSR 2017 & EMR 2011 (UK, FRN 901096); EU entity regulated by the Central Bank of Ireland. Authorisations held: FCA, Central Bank of Ireland, PSD2. Verify current licensing on the relevant regulator's public register before you rely on it.

Does TrueLayer support payments (pay by bank)?

Yes. TrueLayer offers payment initiation (PIS), so you can move money account-to-account ("pay by bank") with the payer's authorisation. Product names and market availability vary — confirm in TrueLayer's documentation.

Does TrueLayer offer account or income verification?

Yes. TrueLayer offers verification products (such as account-ownership or income checks) built on its open banking connectivity. Payments/Bank-on-File (PIS), Data API (AIS), Verification add-on. authorisedSince = FCA Electronic Money Institution effective date for FRN 901096 (combined PSR/EMR authorisation). Availability varies by market — confirm in TrueLayer's documentation.

Is TrueLayer free to use, and is there a sandbox?

TrueLayer pricing is sales-gated (you contact sales for rates): Custom / enterprise quote; payments priced per transaction. A free developer sandbox is available to test before you commit.

Which countries does TrueLayer cover?

Open Banking Tracker lists institutions in 16 countries reachable through TrueLayer. The most covered are United Kingdom, United States, France, Germany, Italy and Ireland. Coverage varies by product, so confirm specific banks in TrueLayer's documentation.

What are the alternatives to TrueLayer?

Common alternatives to TrueLayer include Plaid, Mastercard Open Banking, GoCardless, Volt and Salt Edge. Open Banking Tracker has side-by-side comparisons of bank coverage, markets, licences and products for each pair, plus a full list of TrueLayer alternatives at https://www.openbankingtracker.com/api-aggregators/truelayer/alternatives.