Payment Scheme Codes

CODE
DESCRIPTION

INST

SEPA Instant payment. Payment initiation: INST must be used for RT1 and TIPS payment. Account reports: INST stands for RT1 payment.

SEPA

SEPA payment.

SWIFT

SWIFT payment.

TARGET2

TARGET2 payment.

TIPS

TARGET Instant Payment. Payment initiation: Code cannot be used directly, but using INST

FAST

UK Faster payment.

BACS

BACS payment.

INTERNAL

LHV internal payment.

GROUP

Payments between LHV Group subsidiaries (LHV Pank, LHV Bank).

TRADER

Trader payment. Trader payments cannot be initated via Connect.

SEPADD

SEPA direct debit payment.

BACSDD

BACS direct debit payment.

Last updated