SEPA Direct Debit at UBS

Single and recurrent bills in euros are paid simply and quickly via your UBS account in Switzerland.

You no longer need to hold an account in neighboring European countries.

Once you’ve signed a SEPA Direct Debit mandate, you have nothing left to worry about.

You save time and money by, for example, no longer having to enter information separately for each payment.

You can specify a maximum amount for permitted collections or define which creditors are allowed to debit your account.

You have eight weeks to file an objection after your account is debited. In the case of an unauthorized collection (e.g. no mandate in place), this period is 13 months.

Creditors advise you in advance of every debit.

An account with UBS.

Signed UBS declaration of consent to SEPA Direct Debit for debtors. To participate, your account must be activated a single time. To do this, please contact your usual contact person at UBS or download the UBS declaration of consent to SEPA directly.

Signed SEPA Direct Debit mandate (debit authorization) for each creditor. This authorizes the creditor to collect the amount due from your account. The mandate is valid for an unlimited period until revoked by you.

The creditor must have an account with a bank that participates in the SEPA Direct Debit system.

Currency: euro

Use of IBAN (International Bank Account Number) and BIC (Bank Identifier Code)

Low-cost collection of single or recurring euro receivables on a UBS account from anywhere in Europe.

Uniform and clear processes, deadlines and obligations cut administrative and operational expenditure for you and your clients.

Simply by extracting the data you need from your accounts receivable software, you can more easily control receipts and send reminders.

Improved cash flow planning as incoming payments arrive on time. Amount and date of each incoming payment are known in advance.

UBS euro account.

Your clients need to have an account with a bank that participates in the SEPA direct debit system.

Signed UBS declaration of consent to SEPA Direct Debit for creditors.

Valid SEPA Direct Debit mandate (direct debit authorization) from all of your clients from whom you want to be able to collect receivables. This authorizes you to collect the due amount from the account of the debtor. The mandate is valid for an unlimited period until it is revoked by the debtor.

Currency: euro

Use of IBAN (International Bank Account Number) and BIC (Bank Identifier Code).

Business software with a SEPA Direct Debit interface (standard XML-based SEPA data format).

Access to payCOMweb for the purpose of forwarding the collection file, or, from 2010 onwards, business software with a UBS KeyDirect and SEPA Direct Debit interface.