SEPA Credit Transfer
With 365 business Banking you carry out SEPA credit transfers directly from the payment journal, including instant, scheduled and bulk transfers.
Business Value
SEPA credit transfers are the standard for payments within the European payment area. When you initiate SEPA payments directly from Microsoft Dynamics 365 Business Central, separate online banking software is not required. Payments are carried out with fewer media breaks and are fully traceable in the ERP system.
Feature Description
With 365 business Banking, you carry out SEPA credit transfers directly from the Payment Journal of Microsoft Dynamics 365 Business Central. The following types are supported, as far as your bank offers them for the account:
- SEPA Credit Transfer: standard euro transfer within the SEPA area
- SEPA Instant Credit Transfer: transfer in real time
- Scheduled transfer: execution on a later day, through a Posting Date of the line in the future
- SEPA Collective Credit Transfer: several payments that the bank posts as one transaction
Carry Out Payment submits the payments through the bank connection of the bank account: via PSD2/XS2A with approval in the bank's web form, via EBICS, or as a pain file that you upload in online banking.
For step-by-step instructions, see the article SEPA credit transfer.