SEPA-RCUR

Recurrent (RCUR) SEPA Direct Debit sequence type.

Definition

RCUR is one of 4 types: FRST (First), RCUR (Recurrent), OOFF (One-Off), FNAL (Final). FRST requires D-5 settlement for mandate verification ; RCUR D-2 (debtor bank processes faster). Specified in EPC SDD Core and SDD B2B Rulebooks.

Origin

Specified in EPC SEPA Direct Debit Core Rulebook 2009.

Example in context

A Netflix subscription debits RCUR EUR 13.99 on the 5th of each month via SDD Core.

Related terms

• SEPA Direct Debit — parent scheme.