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Direct Debit

tiesioginis debetas

After an introduction of the euro in Lithuania and becoming part of the euro zone, as of 1 January 2016, Lithuania will join the Single Euro Payments Area (SEPA).

 

Direct debit service currently offered in Lithuania does not meet the requirements of SEPA payments; therefore, it will not be provided from the beginning of 2016. Medicinos Bankas will replace it with a service of electronic invoicing and automatic payment of e-invoices, thus from 1 January 2016, your direct debit agreements will be replaced with e-invoice automatic payment agreements, terms and conditions of which are published on the website of Medicinos Bankas at www.medbank.lt (Rules of the Provision of Payment Services).

 

More about e-invoice.

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