Provider profile · 2026 edition
TrueLayer review 2026: scores, pricing and alternatives.
A UK pay by bank network that states it handles almost half of all UK pay by bank payments.
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A UK pay by bank network that states it handles almost half of all UK pay by bank payments.
TrueLayer scores 2.1 out of 5 (43 out of 100) in the Buckingham Intelligence Open Banking and Account-to-Account Payments Index 2026 and ranks 10 of 12. It is strongest for UK and European merchants wanting pay by bank, recurring payments and instant payouts, with 5 out of 5 for product range. Not published or not stated on the pages read: pricing, integration, bank coverage and security certifications.
Scores from the Open Banking and Account-to-Account Payments Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For payment and e-money firms | 48 | 11 of 12 |
| For lenders and fintech apps | 38 | 10 of 12 |
| For merchants and platforms | 42 | 10 of 12 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
UK and European merchants wanting pay by bank, recurring payments and instant payouts.
What TrueLayer publishes on its own pages, read on 26 October 2026.
A UK pay by bank network that states it handles almost half of all UK pay by bank payments. It publishes all four product types and its FCA licence number. Its pricing and security pages could not be opened at the date of reading, and it does not publish bank or country counts on the pages read.
| Fact | What the provider publishes |
|---|---|
| Bank coverage | "+30M Consumers in the TrueLayer Network"; "Handling almost half of all UK Pay by Bank payments". No bank or country count on the pages read. |
| Product range | Pay by Bank; Bank on File for "subscriptions, bills and one-click payments"; sweeping payments described as "part of variable recurring payments"; Verified Payouts and refunds sent "in seconds"; "real-time Data API add-on". |
| Pricing | Pricing page could not be opened at the date of reading (page not found). |
| Regulatory standing | "TrueLayer is authorised and regulated by the UK Financial Conduct Authority under the Payment Services Regulations 2017 and Electronic Money Regulations 2011 (Firm Reference Number: 901096)." |
| Integration | "Create an account now to explore our APIs"; single API. SDKs and sandbox not confirmed on the pages read. |
| Security certifications | Security page could not be opened at the date of reading. |
| Date read | 26 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 26 October 2026 from: truelayer.com.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Open Banking and Account-to-Account Payments Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Plaid | 3.9 | 1 of 12 | Fintechs and lenders needing wide bank coverage with UK and EU licences |
| Tink | 3.8 | 2 of 12 | Banks, lenders and payment firms across Europe wanting licences in three regions |
| Yapily | 3.5 | 3 of 12 | Payment firms and software platforms needing UK and EU coverage including business accounts |
| Trustly | 3.3 | 4 of 12 | Merchants in gaming, travel and subscriptions wanting pay by bank across Europe and the US |
| Salt Edge | 3.3 | 5 of 12 | Lenders and payment firms needing data from many countries |
| GoCardless | 3.0 | 6 of 12 | UK businesses collecting recurring payments by direct debit and pay by bank |
| Volt | 2.8 | 7 of 12 | Merchants and payment firms taking and returning instant bank payments in Europe, the UK and Australia |
| Finverse | 2.7 | 8 of 12 | Businesses in Hong Kong and Southeast Asia collecting recurring bank payments |
| Basiq | 2.5 | 9 of 12 | Australian lenders and fintech apps using Consumer Data Right data |
| Token.io | 1.9 | 11 of 12 | Banks, acquirers and gateways adding pay by bank to their own offer |
| Brankas | 1.8 | 12 of 12 | Banks and fintechs in Southeast Asia building payment and data products |
Full Open Banking and Account-to-Account Payments Index ranking
Side by side on every criterion, fact and award.
Head-to-head comparisons cover pairs within the top five of each ranking. TrueLayer is compared with its alternatives in the table above.
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