The easy way to receive instant, low-cost payments
Why Pay with Bank transfer?
Powered by Open Banking, Pay with Bank transfer allows you to receive payments into your bank account directly from a customer’s account, without using payment products such as credit or debit cards.
Save money
One small fee per transaction,
no hidden costs
Speedy payments
Account-to-Account payments
settled in seconds
Highly secure
Bank-initiated authentication
with SCA compliance to reduce
fraud
Implementation support
A dedicated manager to help you
go live, optional third party
developers and funding available
Simple integration
Modern technology with tailored
integration
Customer success
A dedicated marketing and
customer success team to help
your business grow
Market leader
Over 15% of Open Banking
payments in the UK1
(1 Source: OBIE)
A powerful partnership
Backed by the world’s most recognised financial service brand1
The largest global
payments network
Building successful
partnerships for 173 years
A brand built on trust,
service and security
History of innovation
to meet customer’s
changing needs
Pay with Bank transfer
No.1 in the UK
Consistent 20% MoM
growth
Covering almost all UK
consumer banks
More than a payment
method – dedicated marketing,
implementation and customer
care support
Award winning –
Best Payment Facility –
non-credit at The Card and
Payments Awards 2022
A proven product, initiating millions of transactions a month
What’s most important to Brighton & Hove Albion is our fans. By expanding our partnership with American Express to accept Pay with Bank transfer, BHAFC provides our fans a better checkout experience with a simple, secure way to pay directly from their bank account.
Russell Wood
Head of Commercial Brighton and Hove FC
Pay with Bank transfer has continued to go from strength to strength, establishing itself as one of our students primary choices of payment. This reaffirms Lancaster University’s commitment to offering a seamless and easy payment experience that drives our students to repeatedly use Pay with Bank transfer.
Helen Edge
Income Operations Manager
1Source: Interbrand Best Global Brands 2022
A seamless experience for the customer
An easier way to get paid
Checkout
A flexible solution to accept
payments on your site, on
mobile, or in your App – great for
retail or mobile top ups
Personal and business
We provide more options for
your customers to pay, whether
from their personal or business
bank accounts
Digital invoice
Get paid faster by sharing a
unique link via email, SMS, or
chat using our digital invoice API
In person
Payments – use our digital
invoice API to also generate
a QR code to accept
payments in person
Account API
Call our Account API to receive
the customer’s account number
and sort code to reverse a
payment in your current process
Open Banking in the UK
Open Banking is the simple and secure payment alternative allowing customers to pay for goods and services, online and in-store. Payments are made directly from the customer’s bank account into the Merchant’s bank account, and are cheaper than traditional payment methods.
Open Banking is growing rapidly and provides merchants with more flexibility on how and where they want to receive payments. In the UK, there are already millions of Open Banking users making millions of fast and secure payments each month, to hundreds of UK providers.
Why Pay with Bank transfer for Account-to-Account payments?
Streamlined
An Open Banking solution for
Merchants, allowing
Account-to-Account payments,
without debit cards
Fast
The average API response time
is less than half a second
Low cost
Cheaper than traditional
payment methods
Account-to-Account payments are growing rapidly
Global eCommerce is now worth trillions of dollars, most of which is addressable by Account-to-Account payments.
The Open Banking market is set to continue to grow rapidly, with many countries having already implemented Open Banking initiatives.
Frequently asked questions
Pay with Bank transfer is a way to securely pay for goods or services via a direct transfer from your bank account. It’s really simple to use and takes place in just a few quick clicks with no account set up required. What’s more, with the payment itself being handled entirely by your bank, you benefit from bank-grade security, and none of your payment details being stored by American Express or the business you are buying from.
It’s powered by American Express, but open to everyone.
After you click to Pay with Bank transfer and select your preferred bank, we will securely re-direct you to your bank’s app or online environment. You will authenticate yourself directly to your bank using its normal method, and your bank uses your personal information only to verify your identity and confirm sufficient available funds for the purchase. Your personal payment information will not be stored by American Express or the business you are buying from.
Currently it works with all the major UK banks, and we’re always adding more challenger or smaller banks.
Pay with Bank transfer is available whenever you see the logo as an option at checkout.
Certain banks may impose a transaction amount limit for very large purchases.
American Express Terms and Conditions Apply
Modulr is a third-party provider of Pay with Bank transfer.
American Express Payment Services Limited_GBP_HQ is a distributor of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 – for more information please see UK Safeguarding explanation.
That’s it! There’s no account set up or card details required, and if you have your bank app installed on your phone, you can often authenticate using biometrics.
All you need to use Pay with Bank transfer is a UK bank account with one of our supported banks (all major and most challenger banks). You will also need to have online banking enabled for your account.
Whilst Pay with Bank transfer is powered by American Express, you do not need to be an American Express Cardmember to use it.
The transaction will be reflected on your bank statement issued by the bank you selected to make the payment from.
No, you won’t incur any fees for Paying with Bank transfer.
No, Pay with Bank transfer is powered by American Express but open to everyone, so you don’t need to have an American Express Card. All you need is a UK bank account with one of our supported banks (all major banks and most challenger banks).
Once the transaction has been approved by your bank, your bank account will be debited instantly, so no pending payments.
If you need a refund or return please contact the business you made the purchase from. All refunds and returns will be processed by the business and are subject to their refund and returns processes.
If you do not receive the goods or services you purchased then please contact the business you have made the purchase from. Please keep your order number handy so that the business can track the transaction and assist you.
Contact us
Merchants
If you are a UK Merchant
and would like to know how
you can start to receive
Pay with Bank transfer
payments, please click here
Developers
If you are a developer and
have any questions about
Pay with Bank transfer,
please contact us at
pwbt@aexp.com