SEPA Core Direct Debit definition

SEPA Core Direct Debit means the payment instrument governed by the rules of the SEPA Core Direct Debit Scheme for making direct payments in euro throughout SEPA from bank accounts to other bank accounts;
SEPA Core Direct Debit means a SEPA Direct Debit processed in accordance with the SEPA Core Direct Debit Scheme;
SEPA Core Direct Debit means the payment

Examples of SEPA Core Direct Debit in a sentence

  • The SEPA Core Direct Debit Procedure enables the Banks Account Holder to settle the financial obligations toward a Creditor.

  • SEPA Core Direct DebitsIf the debtor believes that a payment is unauthorised, it may request – via its own bank – that We refund the SEPA Core Direct Debit payment.

  • It will also clarify that late payments do not necessarily trigger a refund.Article 67 – Refunds for payment transactions initiated by or through a payee: This rule clarifies the refund right for direct debit transactions bringing it in line with the SEPA Core Direct Debit Rulebook, provided that the good or service paid for has not yet been consumed.

  • The relationship between the Customer and the Bank in connection with the SEPA Core Direct Debit Procedure is governed by the rest of the General Terms and in particular, the Framework Contract.

  • As Collections under the SEPA Core Direct Debit Procedure are made only in Euro, the Customer acknowledges that he may be subject to a currency risk if the amount he owes the Creditor is in a currency other than Euro or the amount is to be debited from an Account that is not held in Euro.

  • The SEPA Core Direct Debit Procedure enables a Customer to settle his financial obligations toward Creditors by signing a Mandate that entitles the Creditor to collect the amount(s) owed from the Bank.

  • The SEPA Core Direct Debit Procedure enables the Customer or Debtor to settle his/her financial obligations towards Creditors by signing a Mandate that entitles the Creditor to collect the amount(s) owed from the Bank.

  • Payments under the SEPA Core Direct Debit Procedure can be made only in Euro.

  • By way of the SEPA Core Direct Debit Scheme the Customer may effect via the Bank payments in EUR to a payee within the Single Euro Payments Area (SEPA).

  • In the case of an authorized payment effected on the basis of a SEPA Core Direct Debit, the Customer may claim refund of the debit amount from the Bank within a period of eight weeks from the debit entry.

Related to SEPA Core Direct Debit

  • Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

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