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How do I set up a direct debit?

To set up a direct debit, your payee must provide their payment service provider with a valid SEPA direct debit mandate (on paper or electronically) for debiting your iCard for Business account, signed or otherwise confirmed by you. 

We will execute direct debit requests only in case they are made in accordance with the SEPA Direct Debit Core Rules, available on the website of the European Payment Council.

The authorisation given by you allows the payee to collect future payments from your iCard for Business account according to the agreed conditions. There is no need to inform iCard or do something in the iCard for Business online platform. You just need to provide your IBAN in EUR to the other organisation, business, or merchant, and discuss the details with the payee. 

Read more about SEPA Direct Debit in the Legal Agreement for iCard Business account here.

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