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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 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 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.
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.
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.
Direct Debit Software Providers
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.
Ph (01) 838 2921
Annual License Fee from €500 - includes full technical support
T : +353-1-8648748
This price is an annual license fee and includes unlimited support and free upgrades.
EazyEFT SEPA Edition
Direct Debits & Credit Transfers
Business Software Solutions
(50% discount if <50 transactions per month)
SEPA Direct Debits
Direct Debits & Credit Transfers
Envisage Cloud Solutions Ltd
Subscription Monthly Starting at €50.00* easydd & easydd for Sage
*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.
Useful Business Guides / Forms
View our SEPA Scheme, Direct Debit and Credit Transfer business guides and forms.
SEPA Direct Debits (Please click to expand.)AIB SEPA Direct Debit Customer Welcome Pack
A welcome pack designed to make your introduction to SEPA direct debit files as smooth as possible.Format: PDF File size: 852KBulk Payment Files SEPA Direct Debits
Direct Debits in Ireland and across Europe.Format: PDF File size: 4.2MAIB SEPA Direct Debit Creditors Agreement Form
Agreement form confirming DD originators' obligations under new SEPA Direct Debit Scheme (mandatory signature(s) required)Format: PDF File size: 127.9KSample SEPA Direct Debit Mandate (Mandatory fields only)
AIB's sample Direct Debit Mandate with Mandatory fields only.Format: DOC File size: 306.5KSample SEPA Direct Debit Mandate (Mandatory and Optional fields only)
AIB's sample Direct Debit Mandate with Mandatory and Optional fields.Format: DOC File size: 457.5KThe SEPA Direct Debit Mandate - Explained
AIB's guide to what you need to consider when designing your SEPA Direct Debit Mandate form.Format: PDF File size: 584.7K
SEPA Direct Debit Mandate Management Rules
AIB's guide for managing SEPA Direct Debit MandatesFormat: PDF File size: 206.3KSEPA Sample UMR Letter
AIB's sample Unique Mandate Reference (UMR) LetterFormat: DOC File size: 28.5KPayment Timings - Direct Debit Flows
AIB's Payment Timings Flow for Direct DebitFormat: PDF File size: 76.9KSEPA Direct Debit Amendments Guide
AIB's guide to mandate amendments for SEPA Direct Debit xml filesFormat: PDF File size: 84.7KDirect Debit (SEPA) Restriction Application Form
This application form should be used by customer's to add, amend or remove SEPA Direct Debit restrictions at account or mandate level. This form should be completed and brought to your local AIB BranchFormat: PDF File size: 16.9KAIB SEPA Direct Debit XML File Specification
AIB's guide to building a direct debit XML file, and the information AIB needs to see populated.Format: PDF File size: 515K