For the clearing of SEPA direct debits, a direct debit authorization must exist on the payer's account (for legal entities / entrepreneurs always before maturity, if it is a natural person and the collector sends the first direct debit, the direct debit authorization is automatically established, the payer is sent a notification of a pending direct debit and the direct debit is cleared if the payer does not refuse collection before the due date) that is paired with the received SEPA direct debit to the CID and the mandate reference (UMR). At the same time, the debit must meet the client - defined parameters: the type of scheme, the limit height, the validity of the authorization from - to, the direct debit period and the number of repetitions
Direct debits do not recycle, so it is necessary that the financial coverage be secured on the due date. In the case of a collector with an account held in another bank, funds must be secured on the payer's account no later than the end of the banking day preceding the due date of the SEPA direct debit. If the financial coverage is not secured, the direct debit is denied. In the case of a collector with an account kept at our bank, the funds can also be secured during the due date. If the financial coverage on the payer's account is not secured by the end of the bank day, the direct debit is rejected in the evening processing.