SEPA Direct Debit

The easiest way to make or request cross-border and national payments in euro.

What you get:

  • Low-cost collection of one-off or recurring euro receivables into a Satabank account from anywhere in Europe
  • Convenient and reliable way to pay your bills or any other purchases from within SEPA
  • SEPA Core Direct Debit applicable to consumers and non-consumers
  • Clearly defined processes, periods and procedural requirements within the SEPA countries

How it works:

Upon or after purchasing goods or services, the debtor sign a SEPA Direct Debit Mandate (collection and debit authorization) in favor of the provider (creditor); together with his details, this mandate authorizes the creditor to collect the amount owed via its financial institution.

Requirements:

  • Currency of the collection amount: EUR
  • Your counterparty must have an account with a bank participating in the SEPA Core Direct Debit scheme
  • Valid SEPA Core Direct Debit mandate. If no collections are made over a 36-month period under a recurring collection, the creditor must get a new mandate.

More Information:

SEPA Core Direct Debit information for debtors SEPA Core Direct Debit information for creditors

SEPA Direct Debit Mandate - PDF, Word

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