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Finance | Project Operations, Human Resources, ...
Suggested Answer

sepa creditor identifier

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Posted on by 5

Hello everyone,

My company bank accounts is in Wise plataform, my company is in UK based, but i m living In Brazil.

I woud like to know, how the easy way to get sepa creditor identifier with any bank online?

i have a few clients in Europe that requested Sepa direct debit for payments

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  • Suggested answer
    Hana Xue Profile Picture
    Microsoft Employee on at

    Hi Josue,

    In the SEPA, each creditor is identified by a unique creditor identifier. This identifier lets the customer and the customer bank filter each direct debit, and then process or reject the direct debit according to customer instructions. Creditors must request this identifier through their bank. Enter this identifier in the Direct debit ID field for the bank account for the legal entity.

    Most communities have their own specific procedures for obtaining Creditor Identifiers. They can be provided by national bank communities and associations, local institutions, and creditor banks.

    To obtain an ICS, you can contact your bank directly or go through an approved and authorized institution such as Treezor.

    For the structure of creditor identifiers in various countries and related information, you can view the following articles:

    The SEPA Creditor Identifier - Treezor

    EPC262-08 v8.0 Creditor Identifier Overview.pdf (europeanpaymentscouncil.eu)

    Best  Regards,

    Hana

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