What is a SEPA-Lastschriftmandat?

A direct debit authorization (SEPA-Lastschriftmandat) allows a company to automatically take money from your bank account. You can use it to pay your bills and your taxes automatically. People often use a SEPA-Lastschriftmandat to pay the TV tax and the vehicle tax. Freelancers give a SEPA-Lastschriftmandat to the Finanzamt to pay their taxes automatically.

How banking works in Germany