SEPA direct debit details
A SEPA direct debit requires some additional details:
SEPA direct debit type
- Core direct debit: This type of SEPA direct debit is valid for all SEPA direct debit orders.
- Business-to-business direct debit: The execution of SEPA business-to-business direct debits is only permitted for business payment transactions. Please ensure that SEPA direct debits to private individuals are always created as a core direct debit!
Type of execution
The type of execution defines whether the direct debit will be submitted only once or recurrently. This information has to be specified in the SEPA mandate. Please notice that a SEPA direct debit even with the execution type “recurrent” needs to be disposed each time by the customer. There is no automatic order execution by Deutsche Bank.
Due date
If you don’t define an explicit due date, your order will be put into execution at the earliest possible due date. The date will be displayed on the TAN check and release page.
Any future due date for a SEPA direct debit has to be a bank working day and may be scheduled with a maximum of 90 days in the future. If you have chosen a due date which is invalid, a message is shown on the screen. The earliest possible due date has to consider the legally binding execution time period of 1 bank working day of the SEPA direct debit. Please notice that the SEPA direct debit types have different execution time periods as listed below:
If you submit a core direct debit after 1:00 pm or a business-to-business direct debit after 12:00 pm the earliest possible due date will be postponed by one bank working day.
Creditor ID
The Creditor ID identifies the owner of the SEPA direct debit and is a mandatory part of each SEPA direct debit. You can only apply electronically for the Creditor ID at Deutsche Bundesbank following the link www.glaeubiger-id.bundesbank.de.
Mandate reference
Each SEPA direct debit mandate has a unique mandate reference. Please provide the appropriate SEPA mandate reference to ensure that the payer is able to assign your order to the corresponding SEPA mandate.
Date of mandate
The date of mandate also needs to be specified in the SEPA mandate and in your order. Please notice that the date of mandate must be in the past or earliest at the day of the order entry.