SEPA payments in Germany - transition period until August

The German Central Bank has announced that the German banking association will ensure that, overall, the old legacy formats and payment types are accepted for SEPA payments until 1 August 2014.

Excluded from this transition period is the irrevocable domestic direct debit type "Abbuchung" used for B2B with the end date of 1 Feb 2014.
The German SEPA Council is still advising companies, associations and public administrations, to complete the SEPA migration and to change payments to the new SEPA format by 1 February 2014 as the proposal of the EU-commission to extend the SEPA migration end date will not replace the incorporated German SEPA-directive and its enactment.

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