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Backup Centre
Bank (Credit and financial institution)
Bank card
Bank draft
Bank Identifier Code (BIC)
Bank Processing Centre
Bank transaction code
Banking working day
Basic Bank Account Number (BBAN)
Batch data capture
Batching criteria
Bilateral netting
Bloc cipher algorithm
Block ciphering
Bulk funds transfer system
Or Retail funds transfer system

Bank transaction code

The bank operation code is part of the non ambiguous identification of the national direct debit scheme. For some direct debit schemes this code must be used in conjunction with a transaction code. In those cases:

  • the bank operation code identifies the national direct debit scheme and the accounting mechanism; and
  • the transaction code contains other relevant information: type of underlying agreement between creditor and debtor,
    rejection/revocation conditions, etc.