Bank accounts

Bank account payments are the default method for sending funds to recipients.

They transfer funds directly to a recipient’s bank account using local payment networks where available, or SWIFT where domestic routing is not supported.

How bank account payments work

A bank account payment is:

Initiated from a Vitesse account
Validated against country and route-specific rules
Routed through a domestic payment network or SWIFT
Tracked through the payment lifecycle until completion

The platform selects the most appropriate payment route based on the destination country and currency.

Payment routes

Bank account payments use one of the following routes:

Domestic payment networks (for example FPS, ACH, SEPA, PIX)
SWIFT for cross-border payments or where domestic coverage is not available

Domestic routes typically deliver faster settlement and avoid intermediary deductions. SWIFT provides global coverage where domestic routing cannot be used.

Data requirements

Each payment must include recipient bank details appropriate to the destination country and route.

Examples include:

Sort code and account number (UK)
IBAN and SWIFT/BIC
Routing number (US)

Required fields vary by country, currency, and route type. See Rules.

When to use bank account payments

Use bank account payments when:

Paying claimants or vendors directly to a bank account
Sending funds domestically or internationally
Faster delivery is required compared to cheque