1.

Can Consumers Easily Stop Payments By Sepa Direct Debits From Their Accounts?

Answer»

Yes, at any point in time a payer/consumer may instruct the payee/creditor not to MAKE SEPA direct debits ANYMORE by revoking the SEPA direct debit mandate previously given. Furthermore, the payer may instruct its payment service provider to block any incoming direct debits initiated by a specific creditor.

Consumers may also make use of other blocking options: they are entitled to instruct their payment service providers to limit a SEPA direct debit to a certain amount and/or frequency. They can also block all SEPA direct debits on their ACCOUNTS (full blocking option) or only those SEPA direct debits initiated by SPECIFIED payees (black-listing option). It is also POSSIBLE to authorize SEPA direct debits only if they are initiated by one or more pre-specified payees (white-listing option).

Yes, at any point in time a payer/consumer may instruct the payee/creditor not to make SEPA direct debits anymore by revoking the SEPA direct debit mandate previously given. Furthermore, the payer may instruct its payment service provider to block any incoming direct debits initiated by a specific creditor.

Consumers may also make use of other blocking options: they are entitled to instruct their payment service providers to limit a SEPA direct debit to a certain amount and/or frequency. They can also block all SEPA direct debits on their accounts (full blocking option) or only those SEPA direct debits initiated by specified payees (black-listing option). It is also possible to authorize SEPA direct debits only if they are initiated by one or more pre-specified payees (white-listing option).



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