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A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the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