How to pay the supervisory fee

The annual supervisory fee can be paid by using one of these payment methods:

  • Single Euro Payments Area (SEPA) direct debit
  • SEPA credit transfer
  • TARGET2 credit transfer

SEPA direct debit

SEPA direct debit is the recommended payment method.

The ECB first notifies a fee debtor about an upcoming direct debit payment, and then initiates a direct debit process so that the supervisory fee is credited to the ECB’s bank account by the due date.

A SEPA core direct debit mandate entitles the fee debtor:

  • to revoke at any time the direct debit authorisation granted to the ECB
  • to a refund of the entire amount if it is claimed within eight weeks from the date on which the fee debtor’s bank account was debited

Sample SEPA core direct debit mandate form

SEPA or TARGET2 credit transfers

For credit transfers via SEPA or TARGET2, a fee debtor initiates the payment of a supervisory fee by a due date. A payment is considered paid within a due date if the full amount has been credited to the ECB’s bank account within 35 days of the issuance of the fee notice.

Invoicing process

The ECB issues supervisory fee notices annually to each fee debtor.

Sample fee notice 2016
Sample fee notice 2015

Overdue payments

If payments are not made on time or in full, the ECB is entitled to charge an interest amount.

The interest amount will accrue on a daily basis on the outstanding amount at an interest rate of the ECB main refinancing rate plus 8 percentage points per annum from the date on which the payment was due.

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Queries about the fee notice

For general queries about the fee notice, please contact the fees team.

More information can be found here:

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