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

Direct debit order

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

ISO 20022

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

SCI

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

Deposit slip

The deposit slip is a document handed over by a client to his banker, as part of a deposit or

Remittance

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

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