SEPA direct debits
Optimize debt collection
Bills will be paid by direct debit in a financial institution and will be charged upon presentation with the authorization of the holder of the charge account.
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Expedite the filing of debit entries.
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Reduction of costs.
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Specific and detailed information.
How does it work?
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Collection by direct debit (Rulebook 19 of the AEB, the Spanish Banking Association) allows issuing customers to:
- Optimize the transaction value dates applied to the deposits by streamlining the filing of debit entries.
- Reduce administrative costs by eliminating paperwork and other types of physical media.
- Optimize recovery stocks, by having punctual, detailed information of the refunds on the same day they are charged.
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