Payment Scheme Codes
CODE
DESCRIPTION
INTERNAL
Payment between accounts held at LHV Bank (UK).
GROUP
Payment between LHV Group entities, such as LHV Bank (UK) and LHV Pank (Estonia).
FAST
UK Faster Payment (FPS).
INST
SEPA Instant Credit Transfer
Used for initiating both RT1 and TIPS payments. In account reports, INST indicates an RT1 payment.
TIPS
TARGET Instant Payment
Cannot be used directly in payment initiation (INST should be used instead).
SEPA
SEPA Credit Transfer (standard SCT, processed via STEP2).
SWIFT
International payment via the SWIFT network.
BACS
UK BACS Credit payment.
BACSDD
UK BACS Direct Debit Payment.
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