Identifying delays for SEPA direct debit presentation

A pre-notification must be sent at least 14 calendar days before the due date of the direct debit. As of 20 November 2016, upon bilateral agreement, this delay can be reduced but the pre-notification must precede the exchange between the banks of the direct debit orders, i.e.:

  • 1 bank business day before the due date.
    Applies both to one-off SEPA direct debit (OOFF) and to a recurring SEPA direct debit(Recurring RCUR or Final FNAL)
    Days except weekends and public holidays are considered bank business days.

    Note:
    If the pre-notification delay could be of 1 bank business day before the due date, the capture delay of SEPA direct debit orders by the merchant/creditor must take into account the delay for processing the SEPA direct debit by the creditor’s bank (i.e. 1 extra business day for Lyra Network).

All in all, in the Merchant Back Office, the merchant must:

  • Pre-notify his or her buyer 2 to 14 days before the due date,
  • Submit his or her payment forms 2 business days before the due date of the SEPA direct debit, otherwise the due date will be recalculated by Lyra Network.

Example of SEPA direct debit submitted in December 2016:

With its public holidays, December is the perfect month for illustrating the delays for collecting a SEPA direct debit.

A SEPA direct debit on January 1st (due date) must be presented to the debtor’s bank:

  • On December 18th at the earliest, that is 14 calendar days before the due date.
  • On December 31st at the latest, that is 1 bank business day before the due date for a one-off direct debit captured by the merchant at Lyra Network on December 30.
  • On December 31st at the latest, that is 1 bank business day before the due date for a recurring direct debit captured by the merchant at Lyra Network on December 30.

January 1st is a holiday. This due date does not correspond to a bank business day. The SEPA direct debit order will be executed on the following bank business day, that is January 4th.