Finance

Continuous SEPA authorization (Doorlopende machtiging)

Since July 2015, faculty association Ibn Battuta uses continuous SEPA authorizations. When you become a member you sign a continuous SEPA authorization so Ibn Battuta can withdraw money from your bank account when you join activities and excursions, among other things. This is so you don’t need to take cash with you to activities when necessary.

Every year there are about 8 moments Ibn Battuta can withdraw money from your bank account. At least 5 days before that moment you will receive anl email with information about the date of  transaction (incasso) and for which activities money will be withdrawn. With that email you can check how much money Ibn Battuta will withdraw from your bank account.

Participation sums for the Foreign Excursion and winter sports are different. The sum for the Foreign Excursion can be paid in two terms and the winter sports in one term. Participants have to transfer the participation amount to the bank account of Ibn Battuta themselves.

When something goes wrong, don’t worry. A withdrawn amount can be transferred back within 8 weeks after the transaction date when this amount is withdrawn unfairly. For this type of situations and a whole lot more you can contact the treasurer through penningmeester@ibnbattuta.nl

The use of continuous SEPA authorization  means less hassle for the members: you don’t have to pay at activities anymore and don’t have to sign a SEPA authorization for every activity. As a member you sign only one time for you entire membership!