Further reading on how to create periodic payments with Yapily.
Periodic payments are payments which the user can configure from their bank to pay an entity based on a schedule. In the UK, this is also known as a standing order. It is possible to create either
domestic or international periodic payments provided that the
Institution supports either
INTERNATIONAL_PERIODIC_PAYMENT in the
NOTE: 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 periodic through Open Banking, nor is it
possible to receive confirmation of the whether each payment in a periodic payment was successfully credited to the payee bank account.
paymentFrequency should be set for periodic payments. The enumerations available are summarised in the table below.
|Every working day||-||-||-||
|Every 15th day of the month||15||-||-||
|Every week, on the 3rd day of the week||3||1||-||
|Every 2 weeks, on the 3rd day of the week||3||2||-||
|Every 3 weeks, on the 3rd day of the week||3||3||-||
|Every month, on the 2nd week of the month and on the 3rd day of the week||3||2||1||
|Every month, on the first day of the month||1||-||1||
|Every 2 months, on the 15th day of the month||15||-||2||
|Every 3 months, on the 15th day of the month||15||-||3||
|Every 6 months, on the 15th day of the month||15||-||-||
|Every 12 months, on the 3rd day of the month||3||-||-||