Direct debit in euro (SEPA)
Collect recurring payments easily
Do you want to collect recurring payments in euros in an easy manner? If so, ING ​SEPA Direct Debit is the ideal solution. After receiving approval once, you can debit the amount due automatically every time, both in Belgium and in the rest of Europe.
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Transparent procedure
In all SEPA countries payments can be collected in the same way using a direct debit.
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Financially interesting
The collection will cost you less because you only need one bank.
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Efficient cash management
Since amounts are collected automatically, payments are more punctual. As a result, you have better control of your cash flow.
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Simple method
Once the agreement is signed, you do not have to undertake any more actions. Within SEPA, one account is enough for all payments.
The SEPA direct debit (also known as SEPA Direct Debit or SDD) is a simple and organized way of automatically collecting money. With one account for the entire SEPA*, you can correctly collect your payments using direct debits. You only have to notify your customer-debtor 14 days before the collection (prior notice). You will then be able to debit their account automatically.
There are two kinds of SEPA direct debit:
- 'Normal' SEPA direct debit (SEPA Core Direct Debit): for consumers and non-consumers.
- Business to Business SEPA direct debit (SEPA Business to Business Direct Debit): if your customer is not a consumer. In this case the right of repayment will not apply for authorized transactions.
- Click here to find the list of SEPA countries.
All organisations which have to collect recurring amounts regularly.
- Direct debit agreement: as creditor you first have to conclude an agreement with your bank.
- Mandate (direct debit message): as creditor you ask the debtor to sign a direct debit mandate.
- Collection: as creditor you use the data of the mandate to send the collection details to your bank. Your bank will then be able to collect the amount due from the debtor's bank.
Consult the fees brochure (PDF).
- Consult our brochure for creditors in Business'Bank "How to collect recurring payments?"
- Consult our brochure "Uploading XML files in Business'Bank" for creditors
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- Any questions?
- Here are our answers!
