Payment Scheme Selection

Available payment schemes, selection methods (automatic and manual), and the processing logic based on payment type, timing, and scheme-specific rules.

Supported Payment Schemes via LHV Connect

The following payment schemes are supported for payments initiated through LHV Connect:

• LHV Bank Internal Payments – Transfers between accounts within LHV Bank (UK).

• LHV Group Payments – Transfers to LHV Pank accounts in Estonia (EE).

• Faster Payments – Domestic GBP payments within the UK.

• SEPA Credit Transfer (SCT) – Standard euro payments within the SEPA area.

• SEPA Instant Credit Transfer (SCT Inst) – Real-time euro payments processed via RT1 or TIPS.

Payment Scheme selection

The payment scheme can be selected either automatically by the LHV payment system (default) or explicitly specified in the pain.001.001.09 XML tag.

Automatic Payment Scheme Selection

When no scheme is explicitly provided in the payment initiation message, LHV selects the most appropriate option based on account details, currency, and recipient:

• If both the sender and recipient accounts are held at LHV Bank (UK) – the payment is processed as an Internal Payment.

• If the recipient account is held at LHV Pank (Estonia) – the payment is processed as a Group Payment.

• GBP payments to UK beneficiaries that are members of the Faster Payments Service (FPS) are processed as Faster Payments, up to a maximum of 1,000,000 GBP.

• EUR payments are processed as:

  • SCT Inst if the beneficiary bank supports instant payments.

  • SCT if the beneficiary bank supports only standard SEPA payments or if SCT Inst is not available.

The beneficiary account can be submitted as either an IBAN or a UK domestic account number with sort code.

Manual Payment Scheme Selection

Manual selection is supported using optional XML tags:

• At group level: PmtInf.PmtTpInf.SvcLvl.Prtry

• At individual transaction level: CdtTrfTxInf.PmtTpInf.SvcLvl.Prtry

If these tags are included, the system attempts to process the payment using the specified scheme.

Note: If the payment qualifies as LHV Bank Internal or Group payment (i.e. both accounts are within LHV Bank or LHV Group), the scheme selection is effectively ignored.

When both group-level and transaction-level tags are provided, the transaction-level value takes precedence.

If no scheme is specified, the system applies the automatic scheme selection logic described above.

Supported values:

• FAST – Faster Payments (FPS)

• SEPA – SCT (processed via STEP2 SCT)

• INST – SCT Inst (processed via RT1 or TIPS)

• ALL – Automatic scheme selection (equivalent to omitting the tag)

Only the values listed above are supported. If an unsupported value is provided, the payment may be rejected or routed via the default scheme.

Processing Timelines

Payments are processed in accordance with the rules of the respective payment scheme:

• LHV Bank Internal, LHV Group, FPS (Faster Payments) and SCT Inst are processed 24/7, including weekends and holidays.

• SCT follow the SEPA clearing and settlement schedule:

  • Payments submitted before the next clearing cycle are queued and dispatched during the next available window.

  • The final cut-off for SCT processing is 15:45 CET on weekdays. Payments submitted after this time are processed on the next business day.