What's the difference between a credit transfer and a SEPA direct debit?

Bank transfers and direct debits are two secure operations for transferring money from one account to another. Here's some more information on these operations:

What is a transfer

• The transfer is initiated by the person sending the money, also known as the sender.
• The issuer must provide the necessary beneficiary information, such as name, bank account number and BIC/IBAN code.
• The transfer can be made for a single transaction, or programmed to recur at regular intervals in the case of a standing transfer.
• Transfers can be made in euros or other currencies, and associated charges may vary according to destination and amount.

What is sampling

• The direct debit is initiated by the beneficiary, also known as the creditor, with the prior agreement of the account holder, known as the debtor.
• The creditor must obtain the debtor's authorization in the form of a signed direct debit mandate, which can be revoked at any time by the debtor.
• Direct debits can be used for recurring payments such as utility bills, subscriptions, etc.
• SEPA direct debits are widely used in the euro zone, and are subject to strict security and consumer protection rules.

Please note that bank transfers and direct debits are subject to the regulations in force in each country and may vary in terms of procedures, costs and processing times.