Your benefits at a glance
With the direct debit procedure, your bills (almost) pay themselves. The new procedure processes transactions even more efficiently.
Your direct debit orders are validated in a standardized procedure. We also inform you continuously about the status of orders.
Standardized order and status messages simplify your software solutions. So you can reduce your IT efforts and costs.
What will change for you?
- The direct debit formats used by banks (TA875) and PostFinance are being replaced
- You will transmit your payment orders in the future in the ISO 20022 standard; direct debit collections will use XML message type pain.008 (LSV+/BDD)
- The Status Report pain.002 will inform you about the current status of your direct debit orders
- Payments within Switzerland will now only be made using an IBAN (International Bank Account Number)
The direct debit procedure in the new format
Since 2016, UBS clients have been able to use the new direct debit procedure and transmit their orders in the ISO 20022 standard (pain.008). Get your direct debits up to date if you haven't made the change yet. Our new KeyPort is available for your direct debit orders.