Set up a SEPA Direct Debit Mandate

How to use this window

Use this window to set up an agreement with SEPA Direct Debit to the debit of a current account in EUR. All users with access to the account (both adults and minors) can set up SEPA Direct Debit Mandates within the MojeBanka Business application.

By setting up a SEPA Direct Debit Mandate, the account holder (or an assignee) allows the counterparty to draw funds from his/her own account (i.e., transfer funds from the holder’s account to the creditor’s account based on the SEPA Direct Debit) up to the limit of the individual payment (the payment limit is defined by the party setting up the SEPA Direct Debit Mandate). The single payment limit can be set up to the total daily subject limit. If the total daily limit of subject is exceeded, setting up the SEPA Direct Debit Mandate will not be permitted. The subject limit is stated in CZK; for checking within the framework of setting up a SEPA Direct Debit Mandate, the limit will be converted to EUR using the KB middle exchange rate.

The single payment limit is not limited in time (such as one day). The number of direct debit payments can be restricted by setting a frequency other than unlimited. This value specifies after how many days from the last processed SEPA Direct Debit another direct debit payment associated with the direct debit mandate can be made.

The user must inform the counterparty that the SEPA Direct Debit Mandate has been set up. In case of setting up a SEPA Direct Debit Mandate, the bank will not inform owners of counteraccounts. The account holder is always liable for ensuring that sufficient funds to carry out the collection agreement are available in his account. If not, the direct debit mandate will not be executed and the account holder is liable for potential sanctions from the side of subjects requesting the payments.

The requirement for setting up a SEPA Direct Debit Mandate is subject to multiple/multilevel authorisation according to the following rules:
User The owner has not set multiple/multilevel authorisation The owner has set multiple/multilevel authorisation
Owner - natural person - citizen Able to fully authorise individually. Able to fully authorise individually.
Owner - natural person - entrepreneur Able to fully authorise individually. Able to fully authorise individually.
Statutory representative/chairman - legal entity Able to fully authorise individually up to his/her total daily account limit. When the account limit is exceeded, the requirement is saved in the "awaiting authorisation" status. The request is always subject to multiple/multilevel authorisation.
Authorised person Able to fully authorise individually up to his/her total daily account limit. When the account limit is exceeded, the requirement is saved in the "awaiting authorisation" status. The request is always subject to multiple/multilevel authorisation.

You can authorise a request subject to multiple/multilevel authorisation later on the List of direct debit agreements awaiting authorization window.

Description of the window and its elements

Prvek Popis
Account number Administered account number. Payments will be made from this account based on a direct debit mandate.
Creditor identifier (CID) The identification code of the creditor to whom the payments will be sent based on SEPA Direct Debits.
Creditor’s name The name of the creditor to whom the payments will be sent based on SEPA Direct Debits.
Unique Mandate reference (UMR) The mandate reference (UMR) agreed between the creditor and the payer in the "Mandate".
Payment scheme Select a payment scheme from those supported for SEPA Direct Debit Mandate.
Type Select whether the mandate will be granted for one-off or recurrent SEPA Direct Debits.
Single payment limit Limit of single direct debit payment.
Frequency This value specifies after how many days from the last processed SEPA Direct Debit another direct debit payment associated with the direct debit mandate can be made. The value must be set for the recurrent type of SEPA Direct Debit. In case of one-off SEPA Direct Debits, this value is not entered.
Frequency setting Description
Daily Every calendar day, only one direct debit payment can be executed.
Weekly A direct debit payment can be taken from the account on the 5th calendar day from the last direct debit payment at the earliest (i.e., for 4 days from the day the last direct debit payment was executed, all requests for direct debits will be rejected).
Monthly A direct debit payment can be taken from the account on the 25th calendar day from the last direct debit payment at the earliest (i.e., for 24 days from the day the last direct debit payment was executed, all requests for direct debits will be rejected).
Quarterly A direct debit payment can be taken from the account on the 80th calendar day from the last direct debit payment at the earliest (i.e., for 79 days from the day the last direct debit payment was executed, all requests for direct debits will be rejected).
Semiannually A direct debit payment can be taken from the account on the 180th calendar day from the last direct debit payment at the earliest (i.e., for 179 days from the day the last direct debit payment was executed, all requests for direct debits will be rejected).
Annually A direct debit payment can be taken from the account on the 360th calendar day from the last direct debit payment at the earliest (i.e., for 359 days from the day the last direct debit payment was executed, all requests for direct debits will be rejected).
Unlimited Every calendar day, any number of direct debit payments, each up to the entered limit, can be executed.
Other If you select this option, you must enter a specific number of days between direct debits.
Number of days between SDD This value specifies after how many days (from the last processed direct debit) another direct debit payment (from the last recorded payment) associated with the SEPA Direct Debit Mandate can be made. Specific number of days between direct debits can only be selected when using the other frequency option. If the number of days entered corresponds to a frequency, this frequency will be set for the direct debit mandate.
Examples:
Days between SDD Description
0 Every calendar day, any number of direct debit payments, each up to the entered limit, can be executed. We recommend this value in cases when more than one SEPA Direct Debit request can be sent to your account (from a single creditor).
1 Every calendar day, only one direct debit payment can be executed.
25 A direct debit payment can be taken from the account once, on the 25th calendar day from the last direct debit payment at the earliest (i.e., during the 24 days following the day the last direct debit payment was executed, all requests for direct debit from the account will be rejected). This interval is recommended for payments to be direct-debited once a month (a longer interval is not suitable due to "short" February, or the direct debiting date can move - Saturdays, Sundays, holidays).
30 A direct debit payment can be taken from the account once, on the 30th calendar day from the last direct debit payment at the earliest (i.e., during the 29 days following the day the last direct debit payment was executed, all requests for direct debit from the account will be rejected).
180 A direct debit payment can be taken from the account once, on the 180th calendar day from the last direct debit payment at the earliest (i.e., during the 179 days following the day the last direct debit payment was executed, all requests for direct debit from the account will be rejected).
360 A direct debit payment can be taken from the account once, on the 360th calendar day from the last direct debit payment at the earliest (i.e., during the 359 days following the day the last direct debit payment was executed, all requests for direct debit from the account will be rejected).
Note: When setting the value of monthly direct debit payments, the lower number of days in February must be taken into consideration (28 or 29 days). Recommended setting for monthly direct debit payments is 25 days.
Valid from Date from which the SEPA Direct Debit Mandate is permitted. The next calendar day at the earliest. You can choose the date using the associated calendar.
Validity of SEPA Direct Debit Mandate Select whether the validity of the mandate is unlimited or it will be terminated as of the set date. Enter the date in the Valid until field.
Valid until Date up to which (inclusive) the SEPA Direct Debit Mandate is to be valid. You can choose the date using the associated calendar.
Note Use this field to enter details of the SEPA Direct Debit Mandate identification. This field is not transferred to the counterparty. It is only displayed in direct banking systems.
Do you require detailed identification of creditor? Check this option to be able to enter details of the creditor (street/P.O. BOX, city, ZIP and country).
Save for authorisation button Press this button to save the request for SEPA Direct Debit Mandate set up in the List of direct debit agreements awaiting authorization (to be signed and submitted for processing later).
Sign and send... button Press this button to open the SEPA Direct Debit Mandate - authorisation screen, enabling you to check data, sign and submit a request for processing.

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