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Direct debit

Direct debit

A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the case of a subscription, for example.

Related definitions

Remittance

Whether you’re talking about a transfer remittance or a direct debit remittance, the remittance form must be filled…

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ISO 20022

International standard used for the exchange of financial data (payments, direct debits) between companies and banks, or between financial institutions.

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