Open Banking

Open Banking allows Payers to authorize payments directly from their bank account using PSD2-compliant bank APIs.

API value: payment.method = bank_account

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Authorization Flow

1. The Payer is redirected to Yugo Checkout (or directly to their bank if pre-selected)
2. The Payer selects their bank from the list of supported institutions
3. The Payer authenticates with their bank (typically via mobile app or SMS)
4. The bank authorizes the payment and returns the Payer to the Merchant

tip

You can optionally pre-fetch the list of available banks via the API and pass a bank identifier when creating the Payin Intent. This skips the bank selection step and reduces friction.

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Processing Timeline

Stage	Timing
Authorization	Real-time
Fund transfer (Instant SEPA)	1–2 minutes

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Method-Specific Behavior

• The DISPUTED status applies to open banking Payins — see Dispute Behavior below
• Bank availability varies by country and institution

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Dispute Behavior

• The dispute window is up to 13 months from the transaction date
• The DISPUTED status applies to Open Banking Payins
• Open Banking payments are not subject to chargebacks or a chargeback reserve — no portion of settled funds is held back

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Used in Quickstarts

• Open Banking → Bank Account
• Open Banking → Crypto (Yugo wallet)
• Open Banking → Fiat (Merchant Named Bank Account)