> Then came direct debit, where giving out your IBAN now somehow became a fraud risk.
I do not know about other EU countries, but here in CZ, i have to allow each counterparty and set a limit to maximum amount of direct debit to that counterparty in order to direct debit transfer be accepted.
It is useful for transactions like monthly phone payments, where exact sum is different each month.
If your bank accepts direct debit without you allowing it, then it is a problem with your bank, not with SEPA.
I do not know about other EU countries, but here in CZ, i have to allow each counterparty and set a limit to maximum amount of direct debit to that counterparty in order to direct debit transfer be accepted.
It is useful for transactions like monthly phone payments, where exact sum is different each month.
If your bank accepts direct debit without you allowing it, then it is a problem with your bank, not with SEPA.