SEPA Direct Debits in EUR

• SEPA Direct Debit is cashless direct debit in EUR carried out upon instruction of the payment beneficiary (creditor) within the SEPA area
• Debtor’s/creditor’s banks must be SEPA reachable
• Only available for current accounts in EUR
• 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 MultiCash KB application
• For debtors and creditors, KB offers CORE and Business to Business (B2B) payment schemes

Payment schemes:

1. SEPA Direct Debit – CORE (SDD CORE): SEPA Direct Debit where debtors may request refunds of amounts collected from their account without cause within 8 weeks from the collection due date. This type of direct debit is available to business entities and consumers.
2. SEPA Direct Debit – B2B (SDD 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.  

• 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

Debtors may cover their liabilities with SEPA Direct Debits.

• Debtors may be 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 branches or via KB direct banking solutions – MojeBanka, MojeBanka Business or Profibanka
• Debtor signs an agreement with payment creditor (so-called Mandate), authorising the creditor to collect payments from debtor’s account by means of SEPA Direct Debit

Creditors may initiate SEPA Direct Debits.

• Creditors may be business entities that enter into a SEPA Direct Debit agreement with KB
• SEPA Direct Debit orders are only available for current accounts in EUR
• Creditor must have an assigned CID (Creditor Identifier)
• Mandate with a debtor must be concluded
• 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 MultiCash KB

Consent to SEPA Direct Debit is given by a debtor to its bank. In KB, it can be given in 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. The 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 – compulsory 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, who 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

• Unique Mandate Reference is specified by a creditor, who has to notify it to a debtor  
• SEPA Direct Debit consent must be filed under such UMR, whereas any SEPA Direct Debit order must include UMR

General Business Terms And Conditions (PDF, 455 kB)

Notice on the Payment System (PDF, 875 kB)

Payment Settlement Cut-off times (PDF, 90 kB)

Information about IBAN and BIC (PDF, 143 kB)

Information about SEPA Direct Debit (PDF, 252 kB)

SEPA Direct Debit presentation (PDF, 541 kB)

B2B Mandate manual (Czech version only)  (PDF, 151 kB)

List of EU/EEA/SEPA countries (PDF, 26 kB)

Corporate News in payments (PDF, 1.6 MB)
 

Links:

Registers of Participants in SEPA Payment Schemes

SEPA Credit Transfer Rulebook

SEPA Portal Société Générale

SDD B2B Mandate

SDD Core Mandate

IBAN Calculator