SDD

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

Related definitions

SEPA

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

Direct debit

A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the

ISO 20022

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

Treasury transfer

A treasury transfer is the transfer of money between two bank accounts belonging to the same company or group…

Direct debit order

A direct debit order is an instruction to a bank to debit an amount due from a specific bank account.

Transfer order

A transfer order is given by the owner of a bank account, whether an individual or a company, to pay

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SDD

SDD