Collections

Payment convenience for you and your customers

Euro Direct Debit

Euro collection (Euro Direct Debit) enables you to debit money from the accounts of private individuals and companies via Rabo business banking or Rabo business banking for professionals (Rabo Business Banking / Rabo Business Banking Professional). The party that owes you money gives you prior permission in the form of an authorisation. The same party then has 8 weeks to have the transaction reversed if necessary.

Receiving money via Euro Direct Debit is one of the most accepted forms of payment in the Netherlands. There is also a Business-to-business variant which allows you to collect payments from your business customers without them having the right to reverse payment.