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Bankline Direct

Facilitating Digital payments and data 24/7

Information Message

Bankline Direct is available to Royal Bank business account customers who meet the specific eligibility criteria detailed below. Fees apply.

Bankline Direct could be ideal for organisations who have outgrown other solutions.  It can automate your payments or reconciliation. You can also view or transact with accounts held at multiple banks or other financial organisations.

Increase accuracy and help reduce costs with an automated solution

Seamlessly integrate with your Treasury Management System (TMS) and Enterprise Resource Planning (ERP), including third party bureaus.

Reduce manual tasks with straight through processing of high volume domestic and international payments and comprehensive payment status updates

Increase visibility and control over your financial position with automated reports, at different frequencies, for your reconciliation needs

Securely integrate with the bank via a variety of connectivity options, utilising file or message-based protocols, including a choice of industry standard formats

Safeguard your payment information and reconciliation data to and from the bank with industry standard security and encryption features 

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Flexible to your needs

You have the option to select our payments or reporting services, or both.

Payments and collections

Bankline Direct has a variety of payment options to meet your needs whether paying for goods and services in the UK or overseas. Formats such as JSON, XML ISO 20022 and BACS Standard 18 are available.

Bankline Direct is designed to get your money where you want it, quickly and securely. Domestic payment options are available through Faster Payments (for payments under £1,000,000), CHAPS (for high value same-day payments with the UK), and Bacs (for salary, supplier payments and Direct Debit collections).

Bankline Direct also offers international payments, inter-account transfers, bulk lists, and SEPA Direct Debit Origination.

Information Message

Reporting

Bankline Direct has comprehensive reporting capabilities, sending you information that you can use automatically within your own systems.

Account information reports (statements) will provide information such as balance and transactions details. We offer industry standard format IS0 20022 XML.

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Want to reduce manual tasks and inefficiencies?

Accelerate your payments and receive payment notifications and data for reconciliation in real-time on a secure, 24/7 connection method, using our suite of APIs for Corporate customers. 

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Communication channels

Secure file

Connectivity

Bankline Direct offers secure connectivity through Secure File Transfer Protocol (SFTP), ensuring reliable and encrypted internet-based data exchange.

Security

All communications between you and the Bankline Direct service must be secure in both directions. Bankline Direct is encrypted with digital signing options like Pretty Good Privacy (PGP).

Payment formats

Bankline Direct supports file standards such as ISO 20022 XML and Message Types (MT) and Bacs Standard 18.

API

Connectivity

Offering commercial and corporate clients accelerated access to payment schemes via Bankline Direct. You can make payments, receive real-time payment status information and benefit from direct access to account balances and transaction reporting.

Security

Mutual Transport Layer Security (MTLs) is used to encrypt and transmit individual payment messages. The OAuth 2.0 Authorisation Framework enables client applications to obtain delegated access using bearer tokens to our endpoints.

Payment formats

Commercial Payments and Reconciliation API supports messaging in JSON based on the ISO 20022 (PAIN) industry standards and Bacs Standard 18. *Registration is required and content access controlled.

SWIFT

Connectivity

SWIFTNet is used by all SWIFT-connected institutions. Bankline Direct offers a consistent single-window access via SWIFTNet FileAct and SWIFTNet FIN to ensure the reusability of your SWIFTNet infrastructure.

Security

The software ensures technical interoperability between users while ensuring integrity, authentication and confidentiality.

Payment formats

Bankline Direct supports ISO 20022 payments standards.

Who is Bankline Direct for?

For corporates and large commercials

  • Cost effective channel to streamline your cash management processes
  • A secure channel for exchange of Treasury messages and files
  • A 24/7 payment and reporting solution to support your growing business
  • Ability to monitor the progress of your payments through detailed acknowledgements and reporting
Information Message

For financial institutions

  • A single channel for sending and receiving files
  • Send and receive Bank Grade and Non Bank Grade payments
  • Connectivity with 24/7 availability for an easier, quicker alternative to access Faster Payment Scheme
  • A dedicated UK sort code, sponsored by NatWest, providing indirect access to UK clearing schemes
  • Meet regulatory requirements for your reporting needs
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Client eligibility and fees

You can use Bankline Direct if you meet the following criteria:

  • Meets MiFID criteria for Professional Client or Eligible Counterparty; OR
  • Average turnover for last 3 years ≥ £6.5m; OR
  • Average total assets for the last 3 years ≥ £3.26m; OR
  • Is part of a group connection that meets turnover or assets test
  • Hold UK accounts
  • Minimum of 500 transactions per month
Information Message

We charge a one off set up fee, monthly fee (dependent on usage), plus individual fees for making and receiving payments.

Interested in Bankline Direct? Get in touch

If you’re an existing client of the bank, its best to get in touch with your Relationship Manager directly.

If you’re new to the bank or prefer to register your interest, you can email your details using the link below and we’ll be in touch.

Email us 

Ready for ISO 20022?

ISO 20022 XML (Extensible Markup Language) is an established global standard for payments messaging.

Business, commercial and corporate customers that make/receive UK, Euro and cross border payments will be impacted along with financial institutions, indirect access participants, partner banks, SWIFT Correspondents and SWIFT Corporates.

Find out about ISO 20022 Open in new window

Something else we can help you with?