SEPA for legal persons

  • Legal persons must, in accordance with regulation to use in communication with its payment service provider account number in IBAN format, as in the case of payments within the SR, as well as in the case of cross-border payments.
  • Where legal persons are to be sent to their payment service provider payments in the file, so this communication shall be based on the ISO 20022 XML standard.
  • In the use of the SEPA direct debit as the beneficiary of the product a legal person must apply for the assigning of the CID with its payment service provider.