What is the SEPA mandate?

    The SEPA mandate is a document between creditor (collector) and debtor (payer), through which the debtor author za and consents both to the creditor to initiate the collections in the indicated account, and to the debtor bank to comply with said orders

nes. The creditor must have the mandate before initiating debits on a debtor’s account since the mandate is the only valid document to justify to financial entities that an operation was authorized. ## Should I send them to my bank or my client’s bank?

No, the creditor is responsible for guarding the mandates. However, they must be available to the debtor’s entity in case of that this requires it. The debtor’s bank will ask it from our bank which will ask it from us so that we deliver it in a maximum period

imo of 3 days. ## Do you need to generate a SEPA file for direct debits and transfers? Create a free account in SEPA Converter and generate your SEPA XML files from Excel, CSV or old formats here -> www.conversorsepa.es