• 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.

  • Read our latest insight articles

    Our articles provide ideas on how to improve efficiencies and mitigate risk.

    Read our latest insight articles
  • Document-icon

    Ensure you're up to date with our products and services' latest small print.

    Terms and conditions
  • icon - pie chart sands

    Timely and topical insight to your inbox.

    Sign up
  • contact icon - purple

    For more information, contact your local relationship director or use our online directory.

    Find a contact

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc, Lloyds Bank Corporate Markets plc and Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH.

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.

Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is a wholly-owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH has its registered office at Thurn-und-Taxis Platz 6, 60313 Frankfurt, Germany. The company is registered with the Amtsgericht Frankfurt am Main, HRB 111650. Lloyds Bank Corporate Markets Wertpapierhandelsbank GmbH is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.