The European direct debit

The SEPA Direct Debit (called "European direct debit" in Belgium) will replace all the national direct debit systems existing today in Europe.

Characteristics and advantages

You can use a single system and format for euro-denominated collections throughout Europe.
The IBAN (International Bank Account Number) and BIC (Bank Identifier Code) are the unique identifiers for the bank account and bank.
The mandate is concluded between debtor and creditor, and no longer between debtor and debtor bank, as was the case with DOM80.
One-off or recurring payments are possible.
Same day clearing: funds are remitted to the payee on execution day. .
Two different systems: a B2C (Business to Consumer) system for creditors of which the debtors are consumers or professionals and a B2B (Business to Business) system intended solely for creditors of which the debtors are professionals. Main differences:
- Contrary to B2B, the B2C system provides for the right for the debtor to obtain repayment of an authorised transaction.
- In the B2B system, the execution periods are shorter.
- With B2B, debtors must still confirm the mandate to the debtor bank, which is not the case with B2C.
- Not all banks are required to adopt the B2B system.

Did you know?
You can manage all your European direct debits yourself via PC banking Business?

2 November 2009: Launch of European direct debits. BNP Paribas Fortis had completely adapted its offer in advance, to be able to offer all necessary services from the start.
1 February 2014: DOM80 can no longer be used and shall give way definitively to the European direct debit system.

BNP Paribas Fortis supports you throughout implementation

We offer:

our expertise in this area: the most comprehensive advice and support;
a checklist;
support to help create debit transfer files;
electronic banking tools such as SDD €asyCollect, a tool that will allow you to manage your mandates and set up XML SDD collection files.