Create Credit Transfer RESTful API

API Details

SEPA Credit Transfers

When creating SEPA Credit Transfer (also referred to as an SCT or CT) payments, note that:

  • Payments are processed for EUR currency payments only
  • CT payments, unlike Direct Debit payments, do not require that the transaction is passed to the SEPA Clearing system days in advance of the collection date.
  • If you create your CT payment early enough on a specific working day (before 8AM GMT), the funds will typically be credited to your beneficiary on the same day. (See the Important Note below for more on this).
  • If you create the payment later in the day then the CT will generally be credited to the beneficiary on the following business day.

Faster Payments

The Faster Payments Scheme (FPS) is an instant payment scheme (with funds being credited to the beneficiary generally in a matter of seconds) available in the UK. Note that FPS:

  • Is available for GBP curency payments only.
  • Unlike SEPA CT, FPS is a 24/7/365 system.
  • Requires the following values in your request:
    • paymentCurrency = GBP.
    • type = EXPRESS

Payment Types

Payments can have a type:

  • STANDARD
  • EXPRESS
  • FASTEST_POSSIBLE
Currency Default Type CT Type
EUR STANDARD SCT
EUR EXPRESS SCT Instant
GBP STANDARD Bacs Direct Credit
GBP EXPRESS FPS

By default EUR payments are processed as STANDARD; GBP payments are processed as EXPRESS.

Where you specify FASTEST_POSSIBLE a payment will go via the Express channel if possible; if it is not possible to send the payment as Express then the transaction will be processed as a Standard payment.

Remittance Information

Remittance Information allows you to specify details of the payment to your beneficiary.

  • This information may be used for reconciliation and will be displayed on the payee’s bank statement.
  • Remittance can be passed in one of two fields.

Depending on the currency of the payment, use the correct remittance value as outlined in the table below:

Currency Field Details
GBP structuredRemittanceInformation.creditorReference While 35 characters are possible, only 18 will be used (as per the Faster Payments scheme rules). If you provide > 18 characters, the remittance text will be truncated and only 18 will be passed in your request.
EUR remittanceInformation Up to a maximum of 140 characters may be used.

Supported Characters

Remittance can use the following characters:

  • All alphanumeric characters (upper- and lower-case).
  • A set of special characters.

The following are all allowed:

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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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