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A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the case of a subscription, for example.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

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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SCT

SCT stands for SEPA Credit Transfer. It enables payments to be made in euros in the 36 member countries of

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SDD

SDD stands for SEPA Direct Debit. It enables the collection of payments in euros in the 36 member countries of

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