SEPA Direct Debit (SDD) Scheme

The Single Euro Payments Area (SEPA) Direct Debit scheme is a pan-European direct debit system that can be used for both domestic and international collections.

SEPA Calendar

SEPA Direct Debits

A SEPA Direct Debit (SDD) is the standard across Europe for the collection of funds between a debtor (payer) and the creditor (payee).

The SEPA Direct Debit (SDD) scheme is an interbank payment scheme defining a common set of rules and standard procedures for direct debits in Euro. The scheme ensures a common level of service within the participating countries. All participating financial institutions must provide the service in a specified timeframe and also provide SEPA-wide access, meaning that direct debits can be made from any domestic account to any receiver within the 34 participating countries.

 

Find out more about the SEPA Direct Debit scheme.

SEPA Calendar

SEPA Mandates – Paper

A SEPA Direct Debit Paper Mandate is a paper authorisation from a customer for an Originator to collect direct debits from their account. This mandate must comply with SEPA’s standard mandate requirements in order to be deemed valid.

Access AIB’s sample mandates and instructions.

SEPA Calendar

SEPA Mandates - Electronic/Telephone Signup

Electronic/Telephone signup for SEPA Direct Debit Mandates are authorisations from a customer for an Originator to collect direct debits from their account, without the need for a paper mandate.

In order to avail of this function, you must adhere to a number of requirements, set out in the Banking and Payments Federation of Ireland’s (BPFI) Creditor’s Guide.

SEPA Calendar

Becoming a SEPA Direct Debit Originator.

As an iBB customer, you can apply to become a Direct Debit Originator. To do this, please complete a Payment Files Direct Debits - Application and Amendment Form, an AIB SEPA Direct Debit Creditors Agreement form and a Sample Mandate and return it to your Relationship Manager to discuss further.

How the SEPA Direct Debit Scheme works:

  • Operates on an instruction from the Debtor (person paying the funds), giving the Creditor (person collecting the funds) authority to collect payments.
  • Debits can be drawn only in accordance with the terms of this mutually agreed instruction.
  • The Creditor submits a SEPA Direct Debit File to AIB for processing.
  • We then submit this file to a central European Clearing Mechanism for processing and clearing. Transactions are then passed to the debtor’s bank.

Note: Under SEPA, the Originator is also known as the Creditor.

Business fees and charges apply

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Direct Debit Software Providers

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    Information on Direct Debit Software Providers

    If you are planning to change software provider, or work with one for the first time, AIB strongly recommends that you look at all available options to find the best fit for your business, as services vary across providers. The list below outlines a number of available software providers but is not an exhaustive list of all providers. 

    Software Provider:

    Contact

    Price

    Product Name

    Website

    TYPE

    Ardbrook Ltd

     Fintan Reddy

     Email:  Fintan@ardbrook.ie

     Ph (01) 838 2921        

    Annual License Fee from €500 - includes full technical support

     DEFT

     www.ardbrook.ie

    Direct Debit

    Lir Software

     T : +353-1-8648748

    sepa@lirsoftware.com

     

    €225*

    This price is an annual license fee and includes unlimited support and free upgrades.

    EazyEFT SEPA Edition 

     www.lirsoftware.com  

     

    Direct Debits & Credit Transfers

    Business Software Solutions

    info@sepadirectdebits.ie

    €299 *

    (50% discount if <50 transactions per month)

     

    SEPA Direct Debits

    www.sepadirectdebits.ie

    Direct Debits & Credit Transfers

    Envisage Cloud Solutions Ltd 
    sales@envisagecloud.com
    Subscription Monthly Starting at €50.00* easydd & easydd for Sage
     www.envisagecloud.com/products

    SDD

    *price excludes VAT

    Important: AIB has provided the above for information purposes only and we do not endorse or recommend any of the featured software providers. Additionally, we shall not be responsible for any such software providers’ acts or omissions or the accuracy of information displayed or the performance of their product outside of it providing a XML file that AIB can process. Not all the products offered by these suppliers may be suitable for your particular circumstances; therefore it is strongly recommended that if you have not already done so, you should consult your payments software provider. 

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Useful Business Guides / Forms

View our SEPA Scheme, Direct Debit and Credit Transfer business guides and forms.

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