SCT
SCT stands for SEPA Credit Transfer. It enables payments to be made in euros in the 36 member countries of the SEPA.
Related definitions
Direct debit order
A direct debit order is an instruction to a bank to debit an amount due from a specific bank account.
Remittance
Whether you’re talking about a transfer remittance or a direct debit remittance, the remittance form must be filled…
Direct debit
A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the
Treasury transfer
A treasury transfer is the transfer of money between two bank accounts belonging to the same company or group…