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SCT

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

Remittance

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

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Direct debit

A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the

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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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SCI

SCI stands for SEPA Creditor Identifier. All creditors wishing to issue SEPA direct debits must have an SCI enabling them

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SEPA

SEPA is the Single Euro Payment Area set up by European institutions in 2002 to simplify and harmonize payment procedures

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