SEPA – stands for "Single Euro Payment Area". The SEPA core direct debit mandate replaces the previous direct debit mandate. Like the direct debit mandate, it is explicitly issued. The premium due will be debited from your account once. In the case of annual insurance and instalment payments, the collection is recurring.
IBAN – the identifier of the account at a credit institution with which international transfers are carried out. The IBAN is made up of 4 parts. The 2-digit country code, a 2-digit check digit, the national bank code and the national account number (padded with zeros on the left if necessary). Each country has a defined length for the IBAN. In Germany, the IBAN has 22 digits, in Austria 20.
BIC – international bank code of a credit institution with which it is possible to participate in cross-border payment transactions. It has 11 digits. The digits 1-4 are the bank name, the digits 5-6 are the country code, the digits 7-8 are the location/regional information and the digits 9-11 are the branch name (may remain empty or be filled with "XXX").
Creditor ID – is a unique identifier of the debiting creditor. The number is requested from and issued by the Bundesbank.
Mandate reference – unique identification of a SEPA mandate issued in payment transactions. The mandate reference appears on every direct debit.
Payment service provider – this refers to the credit institution with which the account exists. Your bank, savings bank, etc.