What are R-messages?
If for whatever reason any party cannot handle the SEPA mandate or collection in the normal fashion, R-messages are sent to notify the Creditor. The actual notification will appear as an R-Transaction, often supplied in reports provided by the creditor bank. The various R-messages that occur are handled in a standard manner by all parties adhering to SEPA Direct Debit scheme rules.
Example R-messages and whether covered by the scheme:-
Out of Scope….