SEPA Direct Debits in KBC-Online for Business

Use the convenient tools offered by KBC

SEPA Direct Debits in KBC-Online for Business

Use the convenient tools offered by KBC

Gets paid automatically

Automated recurring payments from customers greatly reduce your admin.

Manage your mandates in KBC-Online for Business

The handy features in KBC-Online for Business allow you to manage your SEPA Direct Debits yourself.

Collection files are easy to create

KBC-Online for Business automatically creates XML-format collection files for registered mandates.

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How can KBC help you with your SEPA Direct Debit collection?

Are you a KBC-Online for Business user? KBC-Online for Business includes the following convenient features to help you with your SEPA Direct Debits:

  • Create, manage and archive mandates
  • Range of different standard forms
  • Execute SEPA Direct Debits
  • Create collection files (in XML format)
  • Resubmission in case of unpaid direct debits

Manage your mandates in KBC-Online for Business

To manage your mandates in KBC-Online for Business, read the KBC-Online for Business Mandate Management Manual

Create your collection files in XML format in KBC-Online for Business

When using SEPA Direct Debits, the creditor needs to take the initiative to collect the outstanding amount from the client. You submit a collection file to your bank stating the amount due and the desired collection date.

The collection file must be created in XML. You can do this yourself or you can use KBC-Online for Business. KBC-Online for Business creates XML files for the registered mandates automatically.

SEPA direct debits to become more user-friendly

In November 2016, the SEPA direct debit rulebook was amended, making it much easier to manage your incoming payments. No action or technical modifications are required on your part.

How this affects you :

  • It will become optional to use a ‘First collection’ (or First) when you present a direct debit for collection for the first time. You will also be able to send a Recurrent right away. You can still use a First for a first collection but it is no longer required for collecting payment.
  • The cut-off time for sending collection files has been standardised and shortened to one day. You can now submit your payment files to KBC one day before the requested collection date. There will no longer be different throughput times for Core & B2B, One-off, First andRecurrent.
  • SMNDA has been redefined. It currently stands for Same Mandate New Debtor Agent but that will be changed to Same Mandate New Debtor Account. This means you will be able to continue using the code when a debtor changes account number, regardless whether or not they change bank.

Are you interested, but you are not yet a KBC-Online for Business user?

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