Banking A2

Understanding SEPA transfers and direct debits

Transfer money securely, use the intended purpose and control direct debits.

sepa ueberweisung lastschrift

What is that?

SEPA transfers and direct debits are standard payment methods in Germany.

Where do I do that?

Bank access details IBAN of the recipient

Required documents

  • Check recipient details
  • Write the intended use precisely
  • Release payment
  • Check account transactions regularly

Typical costs

Within the account model, usually without additional costs.

Note: Costs may vary by state or city.

Progress

  1. 1 Transfer money securely, use the intended purpose and control direct debits.

Important German words & sentences

die Überweisung - aktiver Geldtransfer
Die Lastschrift - automatische Abbuchung
Der Verwendungszweck - Zahlungsreferenz
Ich überweise die Miete heute.
Diese Lastschrift kenne ich nicht.

Common mistakes

  • • Incorrect IBAN leads to delays or chargebacks.

Official source