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What is a SEPA Direct Debit (SDD)?

The SEPA Direct Debit (SDD) is the pre-authorised collection generally used for recurring payments such as utilities (telephone, electricity and gas bills or the instalments of a personal loan) but it can also be used as a one-off to pay commercial invoices.
The SEPA Direct Debit is an agreement between the companies providing payment services and the person making the payment. By signing the option, s/he authorises debits to be made directly from the current account.
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