SEPA direct debits in Karlovačka banka d.d.

SEPA direct debit is a payment service for debiting the payer’s transation account when the payment transaction is initiated by the payee based on the Consent given by the payer to the payee in accordance with the rules of the SDD scheme.

Types of SDD schemes

• Core SDD scheme (Core scheme) – intended for payers-consumers (physical persons)
  • Payers’ accounts 32 or 31
• Business SDD scheme (B2B scheme) – intended for payers-non-consumers (business entities)
  • Payers’ accounts 11, 13, 14, 15 or 18

 Banks participating in SDD schemes

• Banks have the option to choose to participate in SDD schemes
• Banks participants in the SEPA SDD scheme participate in the implementation for the scheme they joined. The list of participant banks by scheme is available at REGISTRI | HUB

Karlovačka banka in SDD schemes

•  Karlovačka banka is a participant in both the Core and the Business scheme

SEPA direct debits for recipients

Payees who conclude a contract with Karlovačka banka can contract the direct debit service with both non-consumer payers and consumer payers, depending on the availability of the payer’s bank in the schemes.

Preparations for using the SEPA direct debit service for Payees

• Conclude a contract with the Bank on the receipt and processing ot SEPA direct debit orders
• Use e-Kaba Internet banking
• Adjust the system to payment file in XML format according to the ISO20022 standard – pain.008
• Create a Payer Mandate database with prior check of whether the payer’s bank has joined the appropriate scheme
• Enable recept of camt.053 statement
• Adapt the system for receiving information on the status of orders and prescribed codes –pain.002

Advantages od SEPA direct debits:

for payees

• payment is initiated in one bank only, regardless of the number of payer’s banks
• enhanced certainty of payment completion within a predetermined time-cycle
• possibility of optimizing cash flow and liquidity management
• easy reconciliation of received payments (billing) and reduction of administrative business costs
• possibility of automating the resolution of R-transactions such as: Reject, Return or Reversal
• possibility of collection from all payers using a single payment instrument

for payers

• simple method to execute recurring payments with a reduced risk of late payment consequences
• right to define special conditions of execution for the implementation of direct debits
• payment of obligations without waiting in lines

 SEPA direct debits – why choose Karlovačka banka

• Karlovačka banka provides a comprehensive service being a participant in both the Core and the Business SDD scheme
• Provides individual access to recipients
• Offers technical support in processing SEPA direct debits
• Provides the possibility of testing or prior checking of the validity of the files
• To recipients with small number of orders the bank offers the possibility of issuing individual SDD orders and creating the corresponding file according to SEPA standards, thus avoiding the costs of application adjustment in these cases

SEPA direct debits for payers-non-consumers (busines entities)

Business entities that have concluded a Transaction Account Agreement with the Bank and give Consent to the payee for issuing SDD orders can use the SEPA direct debit service.

Preparations for using SEPA direct debit service for Payers

• Sign the Consent for SEPA direct debit with the Payee
• Submit to the Bank, in accordance with Cut-off Times, a new Consent, amendment of the Consent or revocation of the Consent given to the Payee
• Consent in writting is submitted to the Bank for inspection by persons authorised to represent the payer or persons authorised to dispose of the funds in the account
• The payer signs, changes and revokes the Consent exclusively with the Payee

 SEPA direct debits – general information

• general documentation – detailed terms and conditions are defined in the Core and Business SDD Scheme Rules which are available on www.sepa.hr
• documentation of the Bank (available in Croatian language)

Opći uvjeti poslovanja za usluge SEPA izravnih terećenja za poslovne subjekte
Odluka o naknadama za obavljanje bankarskih usluga
Terminski plan izvršenja naloga poslovnih subjekata

• contact information

For additional information and assistance we are at your disposal at:
Phone: 0800 417 336 on weekdays from 08:00 am – 07:00 pm and Email address: e-kaba@kaba.hr or
Phone: 047 417 362 on weekdays from 08:00 am – 04:00 pm and E-mail address: sepa-sdd@kaba.hr

SEPA direct debits – news

Documentation in application of 19.11.2023.