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- Using a standing order, you can ask your bank to pay a certain amount of money to a specific account, on a particular date. This could be the same day each week, month or even year. You can give your standing order an end date or limit the number of payments. On the other hand, you could choose to leave it open-ended.
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Jan 18, 2024 · What is a standing order? A standing order is a regular payment which you instruct your bank to make. The easiest way to do this is via online or mobile banking but you may also be able to set these up in your local branch or over the phone.
How does a standing order work? A standing order lets you automate regular payments from your bank account . It might come in handy when paying the monthly rent to your landlord on time or splitting household bills with your partner.
Mar 21, 2024 · A standing order is a type of bank transfer that lets you pay a set amount of money on a set date. It can be money you want to send to another person, a bill or other regular payment you need to pay, or a convenient way to move money between your own bank accounts.
- Kim Staples
- Senior Writer
A standing order is a regular payment of the same amount that’s paid on a specified date. It allows the bank to take money regularly from your account to pay another account. You can use a standing order for many payment types, including: Transferring money between your accounts.
A standing order is a regular payment for a fixed amount that goes from one account to another. How does a standing order work? When you set up a standing order, you instruct your bank – allowing them to make ongoing payments on your behalf to another bank account, on a certain date.
Mar 1, 2019 · A standing order is a way of setting up a regular, fixed payment from your bank account. You can set a payment to be made at a certain frequency (for example, the 1st of each month) and for a set amount of time, such as six months.
Standing orders let you regularly send money to another account. You can do this online. Set up a standing order for up to £25,000 using your phone, tablet or web browser. Choose how often and when you want to send the money. It’s easy to change or cancel. Steps to take. We’ll guide you through it. Mobile Banking app guide.
