Pay by Bank APIs: Complete List & Guide (2026)

What are Pay by Bank APIs?

Pay by Bank APIs are interfaces offered by Payment Initiation Service Providers (PISPs) so merchants can initiate payments from a customer’s bank account at checkout or for recurring flows. Under open banking rules (e.g. PSD2 in Europe), banks expose APIs that PISPs use to trigger payments with the customer’s consent and Strong Customer Authentication (SCA).

Also called account-to-account (A2A) or bank transfer payments, they bypass card networks. Benefits include lower fees (often 0.1–0.5% vs 1.5–3% for cards), same-day or instant settlement, no chargebacks, and no card data to store.

Pay by Bank API Providers (In-Depth)

Researched list of major Pay by Bank and Payment Initiation API providers by region and use case.

TrueLayerVerified

UK & Europe

UK and European specialist for Pay by Bank and payment initiation. Offers pay-by-bank checkout, payouts, and Variable Recurring Payments (VRP) with strong bank coverage and conversion-optimized flows.

Pay by BankVRPPayoutsInstant bank verification68+ banks

Use cases: E-commerce, Subscriptions, Account funding, Marketplaces

Tink

Europe

Visa-owned European open banking platform. Processes millions of Pay by Bank payments monthly with sub-40-second journeys and 80–90% completion rates. Single API for EU bank connectivity and PSD2 payment initiation.

Pay by BankPayment initiationData + PaymentsWide EU coverage

Use cases: Checkout, Account funding, Lending, Personal finance

Plaid

Global (strong in US & Europe)

Payment Initiation for UK and Europe: domestic payments in GBP, EUR, and local currencies, plus international via SEPA and Faster Payments. Best known for data (9,600+ banks, 59 countries) with expanding pay-by-bank.

Payment Initiation (UK/EU)Account dataSEPA & FPSMulti-currency

Use cases: E-commerce, Lending, Account funding, Subscriptions

Volt

Global real-time

Global open banking checkout for Pay by Bank. Instant account-to-account payments with conversion-optimized flows, intelligent bank search, and support for Faster Payments (UK), SEPA (EEA), and Pix (Brazil). API-only, hosted, and embedded options.

Instant A2AMulti-rail (FPS, SEPA, Pix)Optimized checkoutGlobal reach

Use cases: E-commerce, Cross-border, Marketplaces, Gaming

NeonomicsVerified

Europe

PSD2-compliant Pay by Bank API connecting to 3,500+ banks across Europe through one integration. Enables up to ~80% cost savings vs cards, same-day settlement, SCA, and configurable payment experiences.

3,500+ banksSingle APISCASame-day settlementWhite-label

Use cases: E-commerce, B2B, Invoicing, Lending

Yapily

UK & Europe

Open banking platform with 2,000+ banks in 19 countries. Single and bulk payments, Variable Recurring Payments (VRP), and data services via a single API. Strong in UK and Germany.

Pay by BankVRPBulk paymentsData APIs2,000+ banks

Use cases: Checkout, Recurring, Lending, Account aggregation

Token.io

Europe & global

A2A payments infrastructure positioning bank transfers as 2–20x cheaper than cards with near-instant settlement. No chargebacks, bank-grade security, no screen scraping. Enterprise PIS focus.

A2A infrastructureInstant settlementNo chargebacksBank-grade security

Use cases: Enterprise payments, B2B, Marketplaces, High-value

GoCardless

Global (bank payments)

Bank payment platform with GoCardless Embed for white-label Pay by Bank. Mandate setup, payment collection, and webhooks for reconciliation. Strong for recurring and one-off bank debits across many countries.

Pay by BankDirect DebitEmbedMandatesGlobal bank coverage

Use cases: Subscriptions, Invoicing, Recurring, B2B

Banked

UK & Europe

Open banking payments platform for pay-by-bank across the UK and Europe. Live in GB, DE, FR, ES, IT, NL with a focus on simple integration and checkout.

Pay by BankUK & EUDocs-led integration

Use cases: E-commerce, Checkout, Account funding

Adyen

UK, Germany, France

Pay by Bank via white-label open banking compliant with PSD2 and NextGenPSD2. Pricing around £0.11 + €0.50 per transaction. Refunds via SEPA; no chargebacks, only non-settlement disputes.

Pay by BankWhite-labelPSD2/NextGenPSD2SEPA refunds

Use cases: E-commerce, Enterprise checkout, Marketplaces

Salt EdgeVerified

Global

PSD2 and open banking connectivity with payment initiation across 1,500+ banks in 70+ countries. Single API for account data and payment initiation.

PIS + AIS1,500+ banks70+ countriesCompliance

Use cases: Lending, PFM, Payments, Multi-country

Belvo

Latin America

Open finance platform for Mexico, Colombia, and Brazil. Account data and payment initiation (e.g. Pix in Brazil) for lending, PFM, and pay-by-bank use cases.

Pix paymentsAccount dataMX, CO, BR

Use cases: Lending, Payments, Account funding, PFM

Nordic API Gateway

Nordics & Europe

Nordic open banking with payment initiation and account aggregation across Nordic and European banks.

PISAISNordic focus

Use cases: E-commerce, Lending, Account aggregation

Open Payments Europe

Europe

European open banking and payment initiation connectivity for merchants and platforms.

PaymentsEU coverage

Use cases: Checkout, Payments

Bridge (Bankin’)

Europe

European open banking with data and payment initiation for apps and merchants.

PISAISEU banks

Use cases: PFM, Payments, Lending

Regional Coverage

UK & Europe: TrueLayer, Tink, Yapily, Banked, Neonomics, GoCardless, Adyen, Salt Edge, Token.io, Nordic API Gateway, Open Payments Europe. Use Faster Payments (UK) and SEPA (EEA).
Global / multi-rail: Volt (FPS, SEPA, Pix), Plaid (UK/EU payment initiation + global data), Salt Edge (70+ countries).
Latin America: Belvo (Mexico, Colombia, Brazil incl. Pix).
US: Open banking Pay by Bank is still emerging; instant payments (RTP®, FedNow®) are separate rails. Plaid and others offer data; payment initiation coverage varies.

All Pay by Bank & PIS Aggregators

API aggregators that offer Payment Initiation or Pay by Bank. Click through for full profiles, bank coverage, and docs.

Banked

Open banking payments platform enabling pay-by-bank functionality across the UK and Europe

Belvo

Equens WorldlineVerified

One of Europe's leading Open Banking providers, offering a single API for payment initiation and account information across 2,800+ banks in 16 countries

Powens (formerly Budget Insight)

European Open Finance and Embedded Banking platform providing data aggregation, payment initiation, and IBAN account services across 1800+ financial institutions

BaFin-regulated account information service (Kontoinformationsdienst) providing FiDA and Open Wealth data APIs for portfolio analysis, multibanking, and product recommendations. Serves banks, brokers, and financial platforms in Germany.

Yapily

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How to Choose a Pay by Bank API

Consider: Geography (which countries and rails you need), bank coverage (number of banks and success rates), features (one-off only vs VRP, payouts, instant verification), pricing (per transaction, monthly, minimums), and integration (API-only vs hosted/embedded UI).

For a step-by-step overview of implementing Pay by Bank, see Payment Initiation Services (PIS) and VRP Open Banking.

Pay by Bank APIs FAQ

What is a Pay by Bank API?

A Pay by Bank API is an interface that lets merchants initiate payments directly from a customer’s bank account (account-to-account or A2A). Under open banking rules (e.g. PSD2 in Europe), licensed Payment Initiation Service Providers (PISPs) use bank APIs so customers can pay at checkout without a card, with lower fees and fast settlement.

Who are the main Pay by Bank API providers?

Leading Pay by Bank API providers include TrueLayer and Yapily (UK/EU), Tink (Europe, Visa-owned), Plaid (global, strong in US and EU), Volt (global real-time), Neonomics (Europe, 3,500+ banks), Token.io (A2A infrastructure), GoCardless (global bank payments and Embed), Adyen (Pay by Bank in UK, DE, FR), Salt Edge (global), and Belvo (Latin America). Choice depends on region, bank coverage, and whether you need one-off payments, VRP, or payouts.

How much do Pay by Bank APIs cost?

Pay by Bank typically costs 0.1–0.5% per transaction (or a fixed fee per payment, e.g. Adyen’s ~£0.11 + €0.50). This is usually much lower than card fees (1.5–3%). Pricing varies by provider, volume, and region; many use a mix of per-transaction and monthly or minimum fees.

Which countries support Pay by Bank APIs?

Pay by Bank is strongest in the UK and EEA (PSD2), with Faster Payments and SEPA. Brazil (Pix), Australia (CDR action initiation), and other regulated markets also support it. In the US, instant payments (RTP, FedNow) are separate rails; open banking Pay by Bank is still emerging. Provider coverage varies by country and bank.

What is the difference between Pay by Bank and Variable Recurring Payments (VRP)?

Pay by Bank usually refers to one-off payments at checkout. VRP is a recurring form of payment initiation: the customer sets a mandate once, and the merchant can initiate variable amounts within agreed limits without re-authenticating every time. VRP is available in the UK (mandated for sweeping, expanding for commercial) and coming in the EU under PSD3/PSR.

Compare Pay by Bank Providers

View full profiles, bank coverage, and developer docs for 60+ API aggregators.

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Related Resources

💳Payment Initiation Services (PIS)🔄API Aggregators 🔄VRP Open Banking 🔌Open Banking API Guide 🌍Payment Schemes 💡Use Cases

Pay by Bank APIs

In-depth list and guide to Pay by Bank APIs. Compare providers by region, features, and use case.

What are Pay by Bank APIs?

Pay by Bank API Providers (In-Depth)

Regional Coverage

All Pay by Bank & PIS Aggregators

How to Choose a Pay by Bank API

Pay by Bank APIs FAQ

Compare Pay by Bank Providers

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