SEPA – standard regulations for credit transfers and direct debits in Europe
The current direct debit system will be replaced by the SEPA direct debit system on 1 February 2014. Please note our information at “SEPA – standard regulations for credit transfers and direct debits in Europe”. From 1 February 2014 the account numbers and bank identification numbers you are familiar with were replaced by the IBAN und BIC.
What is SEPA?
SEPA – Single Euro Payments Area – enables the introduction of a standard European payments area, which treats credit transfers to other European countries in exactly the same way as credit transfers within Germany. SEPA replaces the current credit transfer and direct debit system with account number and bank identification number. Every account holder is affected by the switch to SEPA, whether they are a private person, company or association. The introduction of SEPA affects all 28 EU states as well as Iceland, Liechtenstein, Norway, Monaco and Switzerland. Here you will find further information from the German Central Bank: https://www.sepadeutschland.de/sepa-fuer-verbraucherinnen-und-verbraucher.
When is SEPA introduced?
It has already been possible to make SEPA credit transfers since 28 January 2008. Since 1 November 2009 SEPA direct debits can be made. In the “Regulation No. 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro” (the SEPA Regulation) 1 February 2014 is stipulated as binding expiry date for the national payment system in the Eurozone countries. This means that from 1 February 2014 the national credit transfer and direct debit system will be replaced by the SEPA payment system.
What are IBAN and BIC and where can I find them?
The German account numbers and bank identification numbers are being replaced by the IBAN (International Bank Account Number) and BIC (Bank Identifier Code).
The IBAN not only contains your previous bank identification number but also your account number. The BIC is an internationally valid bank identification number.
You will usually find your IBAN and BIC on your bank statements or if you have online banking under “My data” or “Account details”. If that is not the case, your bank will surely be able to help you.
Pictures: Copyright: Deutsche Bundesbank, Frankfurt am Main, Deutschland
The switch to SEPA in the DPG
From when is the DPG switching to SEPA?
The DPG has already switched to the SEPA direct debit system from 1 February 2014.
Important information for you, insofar as you…
- …have given us a direct debit authorisation
Through SEPA your account data, currently consisting of account number and bank identification number are converted to IBAN and BIC. This process will be carried out automatically in the bank branch, which means that no renewed notification of your bank data is necessary. The direct debit authorisation which you have already given will continue to be used as SEPA direct debit mandate!
- …transfer the membership fee
Credit transfers can still be made in the same way as before. You will find our bank data (IBAN/BIC) on our request for payment of the fee. For transferring the membership fee please exclusively use this bank account of the DPG and not any other one.
- …have arranged a standing order payment at your bank
Please consult your bank to determine whether your bank will carry out an automatic conversion.
Procedure for SEPA direct debits in the DPG
In order to be able to carry out a SEPA direct debit, the DPG requires a SEPA direct debit mandate (formerly a direct debit authorisation) as well as your IBAN and BIC. The SEPA direct debit mandate is characterised by the creditor identification number (unambiguous identification of the creditor) and the mandate reference (identification individually assigned by the payment recipient) and is specified for all direct debits.
Before a SEPA direct debit you will receive so-called pre-notification on the creditor identification number, the mandate reference, the amount and the time of the debit. You will find this pre-notification on the request for the membership fee for 2014, which will be sent to you by post. If you make any changes to the membership fee group or your bank data after receiving the pre-notification and the announced SEPA direct debit, you will be notified by renewed pre-notification at the latest two days before the SEPA direct debit, taking into consideration the changed data! Your account will be debited at the time announced in the information.
What is the creditor ID of the DPG?
The creditor identification number is an unambiguous identification number of the creditor/direct debit submitter, which is independent of the account.
The creditor ID of the DPG is: DE21ZZZ00000049061
How do I found out my mandate reference?
The mandate reference is an identification number for the mandate individually assigned by the payment recipient. Together with the creditor-ID the money transfer is to be unambiguously assigned throughout Europe. You will find your mandate reference on the request for the membership fee and in the pre-notification.
What is a pre-notification and when do I receive this?
Before an intended SEPA direct debit from your account you will receive a pre-notification regarding the creditor identification number, the mandate reference, the amount and the time of the debit. You will find this pre-notification on the request for the membership fee. If you carry out changes to the membership fee group or your bank data after receiving the pre-notification and the announced SEPA direct debit, you will be notified by renewed pre-notification at the latest two days before the SEPA direct debit, taking into consideration the changed data.
When are the SEPA direct debits made?
We will always inform you about the dates for debiting your account in the pre-notification.
Up to now you have always paid your membership fee by credit transfer and in future you would like to pay using the SEPA direct debit system?
We would like to request members who in future want to switch to the SEPA direct credit system, to assign us a SEPA direct debit mandate (declaration of intent for the SEPA direct debit) and to specify the IBAN and BIC. You can provide the information here. Before the next SEPA direct debit you will receive the pre-notification (at the latest 2 days before debiting), which informs you about the creditor ID, the mandate reference, the membership fee amount and the time of the debit.