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Introduction

Scheduled payments are payments that the user can instruct an Institution to perform to an entity at a future date. It’s possible to create either domestic or international scheduled payments provided that the Institution supports the following features in the feature array:
  • CREATE_DOMESTIC_SCHEDULED_PAYMENT
  • CREATE_INTERNATIONAL_SCHEDULED_PAYMENT
Open Banking only provides the means to send the payment initiation request to the Institution so, it is not possible to modify or cancel a scheduled through Open Banking, nor is it mandatory for banks to provide confirmation whether the payment amount was successfully credited to the creditor’s account.

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Domestic Scheduled Payments

A scheduled payment can be created by specifying all the mandatory properties of a Single Payment along with the following paymentRequest properties:
  • paymentDateTime (mandatory) - Specify the date of the future-dated payment

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International Scheduled Payments

While rarely supported by every Institution, if the CREATE_INTERNATIONAL_SCHEDULED_PAYMENT feature is available, it is possible to make international scheduled payments. In addition to the properties required for a domestic scheduled payment, you must specify the additional properties required for an international payment.