LHV became a direct member of the European Direct Debit Scheme, which means that LHV will be able to accept and send out direct debit collections in euro between all banks in the SEPA region that have joined the Scheme.

This new service can be opened to the LHV retail clients in 2022.

A direct debit is an agreement between the beneficiary and the payer, according to which the payer's bank makes a transfer from the customer's account to the beneficiary on an agreed date.