What’s happening?

As a result of the Transfer, you’ll need to update your SEPA Direct Debit payments to include your new IBAN details.

Timing

Please begin using your new IBAN on the Transfer Date—October 27, 2025.

What you need to do

 

SEPA DD B2B

SEPA DD Core

If you are sending funds

Your current B2B mandate will be canceled (effective on the Transfer Date), and you’ll need to coordinate with your counterparties (creditors) to request the repapering of the mandate. The new mandate should be effective from October 27, 2025. To ensure a smooth transition, please share the updated mandate with us as soon as possible.

You’ll need to request your counterparties (creditors) to amend the direct debit mandates with new IBAN details beginning October 27, 2025 (the Transfer Date).

If you are collecting funds

You’ll need to amend the instruction files if you instruct using the IBAN (instead of Company ID) and submit them as a RCUR—beginning the first collection following the Transfer Date.

You should also inform whomever is sending those funds (debtors) about the change, but no further action is required from them.

You’ll need to amend the instruction files if you instruct using the IBAN ( instead of Company ID) and submit them as a RCUR—beginning the first collection after the Transfer Date.

You should also inform whomever is sending those funds (debtors) about the change, but no further action is required from them.

What you should know

  • You can start using your new IBAN on October 27, 2025. If you have not yet received your new IBAN, please contact your client service representative.