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

A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the

Deposit slip

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

SCI

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

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.

Remittance

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

Need more information?

Find all our definitions in the Glossary section.

SDD

SDD