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The SEPA mandate is between the parties in the transaction. While banks require their existence, it is usually not shared with the banks involved.
by germanier 3y ago
The SEPA mandate is between the parties in the transaction. While banks require their existence, it is usually not shared with the banks involved.
- RandomLensman 3y agoSo only a creditor ID is needed if someone has a set of IBANs and then things will be processed?
- germanier 3y agoA creditor ID and a direct debit agreement with some bank, yes. After you have those, (usually) the banks won't verify individual transactions.