CORE scheme is intended for individuals, with CORE and B2B for businesses.
No need to worry about payment orders.
We provide online telephone support for SEPA Direct Debits.
In the picture
All fees and prices are available in the KB Pricelist.
Submit SEPA Direct Debit orders
SEPA Direct Debit orders are available for banks registered for SEPA Direct Debits in KB.
View a list of banks that have registered for SEPA Direct Debits.
SEPA Payments in EUR
Quick and reliable transfers of financial funds within the SEPA area.
Foreign Payment Transaction
Cashless payments in CZK or foreign currencies abroad and foreign currency payments to other banks in the Czech Republic.
Detailed KB pricelist and interest rates.
About SEPA Direct Debit
- Cashless direct debit in Euros carried out upon instruction of the payment beneficiary (creditor) within the SEPA area
- Debtor’s/creditor’s banks must be SEPA reachable
- Only possible for current accounts in EUR
- For debtors and creditors, KB offers CORE and Business to Business (B2B) payment schemes
- Debtor services available to any individual or business entity – SEPA Direct Debit Mandate required
- Creditor services only available to business entities – contract is required
- SEPA Direct Debit orders may be submitted as nonrecurring orders or it is possible to import batches via KB direct banking solutions – MojeBanka Business, Profibanka, Direct Channel or KB MultiCash application
- SEPA Direct Debit – CORE: SEPA Direct Debit where debtor may request a refund of amounts collected from debtor’s account without specifying any reason within 8 weeks from the collection due date. This type of direct debit is available to business entities and consumers.
- SEPA Direct Debit – B2B: SEPA Direct Debit where debtors cannot request refunds of amounts collected from their accounts. This type of direct debit is only available to business entities.
You might also like to know
- SEPA is a Single Euro Payments Area
- SEPA area comprises Member States of the European Union, Norway, Iceland, and Lichtenstein, as well as areas where EU treaties are applied and other countries that have voluntarily adopted the SEPA rules (Switzerland, Monaco, and San Marino)
SEPA Direct Debit may be used for:
- SEPA Direct Debits may be used for rent payments, toll payments, newspaper subscriptions, insurance policies, etc.
- For business entities, it is a useful instrument for the settlement of financial obligations and cash flow management.
Tips and tricks
Debtor – SEPA Direct Debits in KB are available to:
- Individuals and business entities that submit a SEPA Direct Debit Mandate to KB
- SEPA Direct Debit Mandate may only be submitted for current accounts in EUR, using a paper form at KB branch or via KB direct banking solutions – MojeBanka, MojeBanka Busines or Profibanka
- Debtor signs an agreement with payment creditor (so-called Mandate), authorising the creditor to collect payments from the debtor’s account by means of SEPA Direct Debit
Creditor – SEPA Direct Debits may be initiated by:
- Business entity that has entered into a SEPA Direct Debit contract with KB
- SEPA Direct Debit orders are only available for current accounts in EUR
- Creditor must have a CID (Creditor Identifier)
- Mandate with a debtor
- SEPA Direct Debit orders may be submitted as nonrecurring orders or it is possible to import batches with KB direct banking solutions – MojeBanka Business, Profibanka, Direct Channel or KB MultiCash
- Consent to SEPA Direct Debit is given by the debtor to its bank. In KB, it can be carried out on a paper form or via KB direct banking solutions (MojeBanka, MojeBanka Business, Profibanka). It specifies the debtor’s account number, creditor’s information, creditor’s CID, Mandate reference (UMR), payment scheme, collection limit, number of days between individual collections, etc.
- SEPA Direct Debit Mandate is a written agreement entered into by and between a debtor and a creditor, allowing the creditor to collect funds from debtor’s account. Creditor is required to keep the mandate. Mandate automatically expires 36 months after the last performed direct debit. The bank may request the presentation of an agreed mandate (e.g. for the purpose of service activation or complaints).
Mandate – mandatory information
- Identification data for creditor and debtor
- Information that it is a SEPA Direct Debit Mandate
- Payment scheme specification – B2B, CORE
- CID – creditor’s identifier
- UMR – mandate reference
- Debtor’s IBAN and BIC
Creditor Identifier – CID
- Client that wishes to collect funds from debtor’s account via SEPA Direct Debits must have a CID
- Upon client’s request, KB applies for client’s CID with the Czech National Bank
- CID assigned in another country may also be used for the purpose of SEPA Direct Debits in KB
Unique Mandate Reference – UMR
- The Unique Mandate Reference is specified by the creditor, who has to inform the debtor about it.
- SEPA Direct Debit consent must be filed under such UMR, whereas any SEPA Direct Debit orders must include the UMR.