# Banks ### Bank payment methods Apart from cards (47%) and digital wallets (28%), bank transfer (9%) is the third most used payment instrument in the US. Banks as a payment method has several payment flows across the world and Juspay Hyperswitch provides support for integrating the below three common flows: | | Bank Debits | Bank Redirects | Bank Transfers | | --------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Description | Bank debits pull funds directly from the customer's bank account. Customers provide their bank account information and agree to a mandate to debit their account. | Bank redirects add a layer of verification to complete a bank debit payment. Instead of entering their bank account information, customers are redirected to provide their online banking credentials to authorize the payment. | Credit transfers allow customers to push funds from their bank account to the merchant's. Customers are provided with the bank account information they should send funds to. | | Payment confirmation | Delayed | Immediate | Delayed | | Payment Type | Pull | Pull | Push | | Supports recurring payments | Yes | No | No | | Supports refunds | Yes | No | No | | Supports disputes | Yes | No | No |
Bank Debitsbank-debitsbanks.jpg
Bank Redirectsbank-redirectsbanks.jpg
Bank Transfersbank-transfersbanks.jpg
Open Bankingopen-bankingbanks.jpg