Hey bunqers 🌈,

In the world of banking and finance, SEPA Business to Business (B2B) Direct Debits play a crucial role in facilitating transactions between businesses. But what exactly are they, and how can you, as a bunq user, accept them? 

We’ll provide a quick run down of SEPA B2B Direct Debits, explaining how they function, and the steps you need to follow to accept them through your bunq account.

How do I accept SEPA B2B Direct Debits?

Normally, accepting a business-to-business direct debit requires you to send a signed form to your bank and, once accepted, it can’t be easily changed. 

We decided to do this differently. When another company sends a mandate form you can simply write down your bunq IBAN and send it back to them. There’s no need to send us a copy. When that company’s bank sends the first direct debit, you’ll see this as a request in your bunq app, which you can accept or decline with a single tap. It's that easy 👍

Once you approve the first one, you’re all set. We’ll automatically accept all future direct debits from that company for you. We'll also set a default payment limit based on that first amount, which you can easily change anytime you want.

How does it work in the app?

Here's how it works in the app:

1. Tap on your Profile in the top left corner

2. Tap on the 🔔 Icon

3. Select the Direct Debit event 

4. You can choose between Always accepting this Direct debit or to Accept only this direct debit

5. Enter your security code

6. Done 👍

You have 1 day (24 hours) to accept it before it expires and is automatically declined.