Identifying the delays for SEPA Direct Debit

One of the prerequisites for the creditor for the emission of a SEPA direct debit is to notify the debtor about every SEPA direct debit at least 14 calendar days before the due date. However, this delay can be shortened. Upon a bilateral agreement, it can be reduced to:

  • 5 working bank days prior to the due date for a one-off (OOFF) SEPA Direct Debit or the first direct debit of a series (FRST).
  • 2 working bank days prior to the due date starting from the second SEPA Direct Debit of a series (Recurrent RCUR or Final FNAL).

Exemple of a SEPA Direct Debit submitted in December 2013

Taking holidays into account, December perfectly illustrates the delays that apply to payment collection via SEPA Direct Debit.

A SEPA Direct Debit on January1st (due date) has to be presented at the debtor bank:

  • On December 18th at the earliest, that is 14 calendar days before the due date.
  • On December 23rd at the latest, that is 5 bank business days before the due date for a one-off direct debit.
  • On December 30th at the latest, that is 2 bank business days before the due date for a recurring direct debit.

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 2nd.