SEPA
Single payments area.
Take advantage of the benefits
Security
Facilitated business operations
Sending reports in XML format
SEPA - Single Euro Payments Area
You can also become the initiator of the direct debit order and enter into a SEPA direct debit contract with us.
SEPA direct debits
From 5 June 2017, the use of SEPA direct debits under the rules of the Basic and Business HRK SDD Scheme began in the Republic of Croatia.
Direct debit is a payment service for debiting the payer's account when the payment transaction is initiated by the payee using the payment service provider.
The benefits of direct debits enable:
- facilitated business operations
- more secure execution and more efficient charging within the previously defined deadline
- more efficient liquidity management and repayment of receivables
- a standardized format for payment files
- the option of sending payment files through just one bank
Technical adjustments on the side of the payee:
- creating a payer's consent database
- adjust the payment file in XML format according to ISO20022 standard - pain.008
- adjust the delivery of status information and prescribed codes - pain.002
Detailed rules and conditions are defined in the Rules of the Basic and Business SDD HRK schemes, which you can find on the official website SEPA - user instruction.
