Standing order means that the bank makes the requested transfers on your behalf at the dates defined in the contract. You can define the amount of a standing order when you sign the contract.
Standing orders make your life easier in respect of transfers that you make at certain times over a long period of time. For example, if you transfer pocket money to your child’s account every month. You can save time by setting up a standing order for such transfers. Unlike direct debits, standing orders can be used to make transfers to both individuals and companies. Let the bank make sure that all necessary transfers are made at the right time.
If you have any questions or suggestions, send them to us through the bank messages page. We value your opinion!