---
canonical: "https://www.softatlas.io/plaid/products/pay-by-bank"
name: "Pay By Bank"
provider: "Plaid"
category: "Commerce / Payment Platforms / Payment Processing"
review_count: 0
ai_powered: false
website: "https://plaid.com/en-eu/products/payment-initiation"
updated: "2026-07-20"
---

# Pay By Bank

By [Plaid](/plaid.md)

Instant bank payments solution that enables businesses to facilitate seamless transactions directly from bank accounts.

## Features
- Initiate instant bank payments within your app
- Authenticate users directly with their bank via secure Open Banking integrations
- Enable one-time top ups or schedule standing orders for recurring deposits
- Provide payment confirmation notifications when payments are received
- Leverage U.K. Faster Payments rails for instant settlement
- Reduce costs with fixed-fee Open Banking payments
- Improve user experience and conversion with SDKs and integration options
- Customize account connection flow with prebuilt modules and SDKs

## Built for
DEVELOPERS, OPERATIONS, EXECUTIVES

Source: https://www.softatlas.io/plaid/products/pay-by-bank