Have the direct debit receipts so that charges go directly to your bank account it is already a common practice. Although there is still a segment of the population that still prefers to go to the branch and religiously pay the planned payments in person, this is a system in disuse because implies displacements, waste of time and having to stick to a schedule, increasingly limited, in which the bank branch dedicates part of its staff to the collection or debiting of receipts. Not domiciling them obliges to be aware of the deadlines for their payment, with the risk of surcharges That implies doing it outside the indicated dates.
What is the SEPA regulation?
Since 2014, the direct debit of receipts is governed by the regulations that regulate the Single Payment Zone in Euros (Single Euro Payments Area SEPA) that allows both private citizens and companies to make or receive payments in euros throughout the European Economic Area under similar conditions, regardless of the country in which the management is carried out.
In this way, a common framework is established so that the processing of issue or direct debit a receipt is carried out in a similar way in the Community space, making the requirements and operation of payments and collections simple.
The supplies of water, electricity and gas, the installment payments that originate from certain purchases, the fee you have to pay monthly for any service or municipal taxes, such as the IBI or vehicle taxes, are some examples of this. There are many receipts to be aware of, that is why domiciling them is so comfortable since you can even do it online with online banking.
What you should take into account when directing your receipts
You don’t even have to go to the bank in person to direct debit a planned payment, which will reach your account either on a specific date or periodically. When you make an installment purchase or hire a service that will generate the issuance of receipts, your creditor will provide a document, where your personal information and those of your bank account must appear. Once signed by you, this document supposes your authorization to shit that payment into your account. It is what is now called SEPA Direct Debit which, in reality, is what we always know as the direct debit order.
Generally, the debit authorization authorization is signed at the time of contracting, for example, a supply. It is also common that when paying the municipal taxes, the city council itself offers you the possibility of opting for the direct debit of the next payment, simply by filling in the corresponding document.
Banking entities offer in their electronic offices the possibility of filling in this form in a simple way. pay order and, the moment you sign it, the receipts that you are interested in taking into account begin to arrive.
The basic requirement to direct a receipt is that you are the Account holder and that you provide not only the number but the IBAN and BIC codes, included in the 20 digits that the number you provide must have. Logically, for your receipts to be properly paid, you will have to have sufficient funds.
What happens if I want to return a receipt or cancel a direct debit?
- A receipt arrives to your account that you have not authorized (it does not have the SEPA Direct Debit)
- The direct debit is correct, but you do not agree with the amount.
If you discover a charge that seems wrong, strange or perhaps abusive, you have eight weeks to return it even if you have signed the necessary authorization (Royal Decree-Law 19/2018). On ten business days, the bank must return the money or explain why it is denying you that return.
If the charges on your account had been made no signed order exists, you can request the reimbursement of all receipts unduly paid in a period not exceeding thirteen monthsalthough it is always advisable to do it as soon as possible.
A direct debit receipt may not be attended to for different reasons, including a lack of balance, a blocked account, duplicate operations, incorrect data or lack of the IBAN. You should also know that it is always convenient notify the entity of the withdrawal of a direct debit, directly at the branch, by filling in the corresponding form, or via the internet.
If it is your decision, do it like this and not by phone so that record the withdrawal of authorization future receipt payments. Also, you can give the express order of “Rejection”. It is something that may be necessary in those cases in which you notify a company that you dispense with their services and request that they stop issuing receipts, but the short resists and they keep coming to your account. To avoid these situations, in addition to unsubscribing from wherever you want, remember to notify the bank that you are disavowing the charge for new debts.