• SEPA Direct Debit

    The SEPA Direct Debit scheme is designed to create a single, convenient and efficient way to accept and make direct debit payments in Euros throughout the SEPA (Single Euro Payment Area) community.

    It can help reduce operational costs, simplify processing and strengthen cash management forecasting as well as improve access for UK businesses to European markets by removing barriers to collections. For the first time, businesses are able to collect funds from debtors using a consistent Europe-wide system and through a single bank account.

    There are two schemes to choose from:

    Core SEPA Direct Debit scheme

    • For transactions between businesses and their consumer or business customers.
    • Can be used for single or recurring collections.

    Business to Business SEPA Direct Debit scheme

    • Restricted to transactions between businesses, which are non-micro-enterprises.
    • Responds to the specific needs of the business community with shorter timelines.
    • Can be used for single or recurrent collections.

    The SEPA Direct Debit scheme is available to Lloyds Bank customers. To find out if this solution can help your business, contact your relationship manager.

  •  All applications for our products and services are subject to eligibility criteria.

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The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

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Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.