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

SCT

SCT stands for SEPA Credit Transfer. It enables payments to be made in euros in the 36 member countries of

Remittance

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

Direct debit

A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the

ISO 20022

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

Deposit slip

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

SEPA

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

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SDD

SDD