Bank on File - The next phase of Pay by Bank
By securely saving a customer's bank account details, you can enable one-click payments and recurring payment experiences, driving greater adoption of Pay by Bank.
Pay securely from your bank app - no card needed. Learn more
Set up complete
A one-click checkout. Without the card fees.
Customers authenticate once in their banking app, then future Pay by Bank purchases are just one click — reducing friction and improving conversion.
)
Genuinely one-click
After setup, returning customers pay in a single tap. No re-authentication, no card number, no friction.
Grow revenue
Remove interchange and service fees entirely, whilst boosting conversion from cutting out unnecessary card failures.
Instant refunds
Refunds travel over the same bank-to-bank rails, meaning better customer experiences and higher customer satisfaction.
Built in security
Authentication happens directly with the bank and no personal credentials are stored with the merchant, keeping your customers safe.
Level up your billing and top-up experiences.
Give your customers the flexibility to make regular payments of fixed or variable amounts, directly from their bank account.
)
Build smarter experiences
Bank on File unlocks the possibility of faster, smarter payment journeys that traditional payment methods cannot support.
Move money faster
Money moves in seconds, not days, so no more cash flow delays for repayments, investment top-ups or utility bills.
Cut out retry fees
Instant payment confirmation means no repeated retry cycles, no compounding fees per failed attempt, no manual chase-up cost.
Avoid unnecessary failures
Check that a customer has sufficient funds before initiating payment, reducing failures before they happen.
Stop losing subscribers to card expiry.
Customers set up their fixed subscriptions directly from their bank account, and future payments are taken seamlessly, without authentication.
)
Reduce involuntary churn
Bank accounts don't expire. Long-lasting mandates mean you stop losing subscribers to card failure silently eroding your LTV.
Boost setup conversion
Replace manual card entry with a single fingerprint or face ID. Fewer steps, less drop-off, more subscribers.
Lower cost per transaction
No interchange fees, no authorisation charges, no merchant service fees.
One-click for one-off purchases
Once a mandate is set up, it unlocks one-click checkout for future one-off purchases too, driving conversion beyond the subscription itself.
Why Bank on File?
The speed of cards
Customers save their bank once and return to pay in one click.
The power of Pay by Bank
Lower fees, instant payment confirmation, and bank-grade authentication.
Built for all payment journeys
Support checkout, subscriptions and instalments with one simple integration.
Reducing reliance on traditional payments
Diversify your payment stack and protect against card outages and rising fees.
The UK's leading Bank on File provider
Market leaders
At TrueLayer, we process over 60% of all VRP transactions, leading the Bank on File charge.
First movers
We were the first provider to deliver VRP for sweeping and non-sweeping use cases, via a single API.
Industry pioneers
TrueLayer is one of 31 founding PISPs in the VRP operator, directly shaping the future of the standard.
Join Europe’s leading Pay by Bank network
)
Join our Pay by Bank network and connect to Europe’s leading network. That’s 20 million shoppers, with a new user joining every 3 seconds. We process almost half of all UK Pay by Bank transactions, with a 20+% uplift in first-time user conversion for shoppers in our network.
In the UK alone, Pay by Bank transactions have more than tripled over the past three years, reaching 23 million monthly payments in 2024. With higher volumes of customer data, we ensure your user journeys are brilliantly optimised, turning every shopper into a loyal customer.
Powerful add-ons keep your business nimble
Turbocharge your business operations and build brand equity with tools and data that help you know your customer, streamline experiences and give you real time visibility of transactions.
User Incentives
Pay by Bank boosts business. Research shows more than 80% of customers would try Pay by Bank with a compelling reward.
Learn more
)
)
Pay securely from your bank app - no card needed. Learn more
Recurring Payments integrate effortlessly
We’ve made integration with Recurring Payments as simple as it can be. Our powerful single API can be installed in minutes and you can be up and running in no time.
)
Console puts you in the driving seat
Ready to put your foot down? Console is brilliantly organised with all the tools and you need to accelerate your business. Breeze through billing, reconciliation breakdowns and download reports from it’s intuitively designed dashboard. Provide customers with refund updates and payment statuses, all from the one ultra-efficient hub.
)
The integration with TrueLayer was faster than the lastminute.com team expected.
Read the case studyNicola Bettari,
Fintech and Payments Director
)
We decided to work with TrueLayer based on the quality of the team and the capability they possess.
Read the case studySheraz Dar,
CEO
)
Our integration partner was always highly available and responsive, always keen to jump on a call whenever we had an issue.
Read the case studyAndrew Witzenfeld,
CTO
)
Our team helps keep your business flowing
Whatever technical support you need, our friendly team is here to help. As a venture backed business we’re hyper-focused on your success and can work at speed to help you meet your goals.
We have dedicated integration sales managers who are experts in your industry. They lock on to your business needs and proactively scope the best products and features and run tests to ensure you hit the ground running. They rally to meet your targets and troubleshoot any issues along the way.
)
Get started
Talk to us
Our teams are on hand to advise and answer your questions.
Explore TrueLayer for your industry
)
Ecommerce
Pay by Bank is the digital-first payment product revolutionising checkouts. We’re seeing a head-turning 90% of shoppers returning after only using it once.
Travel
Pay by Bank can help you drive conversion rates, build brand loyalty and offer a more secure way to pay.
How does money flow? Explore expert articles to learn more.
)
What the financial services industry needs to know about VRP changes
)
The complete guide to Pay by Bank: what is it and how does it work?
)
Why 2025 is key for Pay by Bank and VRP: everything merchants need to know