About payment types
Learn about the different types of payments and transfers that you can make.
Payment types
The Equals Money API supports the following payment types:
- FasterPayment
- BACS
- CHAPS
- SWIFT
- SEPA
info
We have more domestic networks available, please get in touch with your account manager to find out more.
Internal and budget transfers
An internal transfer is a transfer made from one Equals Money account to another Equals Money account. For example, transferring funds from ACME International to ACME UK.
A budget-to-budget transfer is a transfer from one budget to another within a single Equals Money account. For example, transferring funds from ACME International’s account budget to its Marketing team’s sub-budget.
Batch payments
A batch payment organises multiple payments into a single submission for efficient management and tracking. While each payment in the batch is processed individually, grouping them allows for streamlined handling, validation, and monitoring. This is especially useful for managing high volumes of payments across various domestic and international payment types. The batch of payments is split into different orders based on currency or funding budget