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

ISO 20022

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

SEPA

SEPA is the Single Euro Payment Area set up by European institutions in 2002 to simplify and harmonize payment procedures

Treasury transfer

A treasury transfer is the transfer of money between two bank accounts belonging to the same company or group…

Transfer order

A transfer order is given by the owner of a bank account, whether an individual or a company, to pay

SCI

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

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

SDD