Payment Explorer

SEPA Direct Debit

A €100 euro direct debit: creditor mandate, pain.008 collection, STEP2, debit on the payer.

Scheme SEPA Direct Debit

Read the numbered story first. The switches change the situation. When a step is clear, open a technical trace to see the messages banks send.

Payer country

Where the payer’s account is. Cut-off times and the usual network can change.

How it ends

The money arrives, the other bank refuses, nobody answers in time, or a bank later asks to reverse a credit (recall).

Actor labels

Plain names (Payer / Beneficiary), ops shorthand (Orig / Bene), or ISO account sides (Dbtr / Cdtr). On SDD the creditor is Orig.

What this country changes for the payer’s bank.

Cut-off

SCT batch cut-offs follow your bank’s STEP2 submission window (often late afternoon on TARGET days). Instant is 24/7.

Reachability

Euro SCT / SCT Inst reachability is near-universal in SEPA. French ASPSPs are widely on TIPS and/or RT1.

Local notes

STET PSD2 API is common for PISP initiation in France; clearing remains EPC ISO 20022.

  1. 01

    Beneficiary→Beneficiary’s bank

    €100Before collection date

    The creditor sends a €100 collection instruction with the mandate reference.

    pain.008 SDD Core / B2B with MndtId and SeqTp

  2. 02

    Beneficiary’s bank→Clearing / settlement

    Scheme collection cycle

    The creditor’s bank submits the collection into SEPA clearing (STEP2).

    CSM collection batch (STEP2 SDD)

  3. 03

    Clearing / settlement→Payer’s bank

    Clearing presents the debit to the payer’s bank.

    Debtor PSP receives collection

  4. 04

    Payer’s bank→Payer

    €100 leaves the payer’s account under the mandate.

    Account debit; camt.054 debit notification may follow

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