Your business can make or collect direct debits in any of the 27 participating EU member states plus additional territories. All transactions happen in euro, even if one of the debiting accounts is in a different currency.
SEPA has created a cohesive internal market for all electronic euro payments within Europe, by standardising the way electronic payments are made and processed throughout the SEPA zone.
Easy to use
When you sign up to become a SEPA direct debit originator, you are telling us to collect direct debits from nominated accounts on your behalf. We collect the money on the date specified within the payment file. There can be multiple collection dates within the payment file.
Direct Debit Timelines
You can upload and authorise a direct debit file up to 11.00am the morning before you want the direct debit file to be collected (Debit date-1)
E.G. The debit date on your direct debit payment file is Wednesday. You have until 11.00am on Tuesday to upload and authorise the file to make sure it is debited on Wednesday.
Direct debits at a glance
- For euro transactions only
- Collect from 27 EU member states
- Standardises direct debit timeframes
- Open to any iBB customer
Who can apply?
Any iBB customer can apply to become a Direct Debit Originator.
How to apply
As an iBB customer, you can apply to become a Direct Debit Originator. Simply complete the below and return to your Relationship Manager to get started.
You'll need to use online software to create your Direct Debit file. Services vary across providers so it's important to find the best fit for your business.
See below for lists of available software providers but bear in mind that this list is not exhaustive.