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

A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the

Remittance

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

SCI

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

SDD

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

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…

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Find all our definitions in the Glossary section.

SCT