SEPA direct debit mandate

Your consent is required so that the payee can collect the invoice amounts by SEPA core direct debit. This is done in the form of the SEPA direct debit mandate. You thereby authorize the collection of amounts due. These may be, for example, your cell phone bill, electricity costs or insurance premiums. The payee may then collect amounts due from your account. You also instruct your bank to honor the direct debit.