What Is The Execution Time Cycle Of A Sepa Direct Debit Collection?

1.	What Is The Execution Time Cycle Of A Sepa Direct Debit Collection?
Answer» The execution time cycle of a SEPA direct debit varies according to the type of payment operation: If the direct debit is the first in a SERIES of recurrent debits or a one-off debit, the payer’s bank must receive the collection from the payee’s bank, at the LATEST, five interbank business DAYS before the due date of the collection (D-5). If the debit is a subsequent debit in a series of recurrent debits, the payer’s bank must receive the collection from the payee’s bank, at the latest, two interbank business days before the due date of the collection (D-2). In addition to this, there is also an option for an even shorter execution time cycle of only one interbank business DAY (D-1), which is being implemented as a main option in SPAIN (October 2013) and in Germany (November 2013). The execution time cycle of a SEPA direct debit varies according to the type of payment operation:

Answer»

The execution time cycle of a SEPA direct debit varies according to the type of payment operation:

If the direct debit is the first in a SERIES of recurrent debits or a one-off debit, the payer’s bank must receive the collection from the payee’s bank, at the LATEST, five interbank business DAYS before the due date of the collection (D-5).
If the debit is a subsequent debit in a series of recurrent debits, the payer’s bank must receive the collection from the payee’s bank, at the latest, two interbank business days before the due date of the collection (D-2).
In addition to this, there is also an option for an even shorter execution time cycle of only one interbank business DAY (D-1), which is being implemented as a main option in SPAIN (October 2013) and in Germany (November 2013).

The execution time cycle of a SEPA direct debit varies according to the type of payment operation:

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