Standing orders

Standing orders

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.

  • Make sure that the necessary funds are available in your account at the right time. The system will check for available funds for two more days after the payment date. If the funds available in the account are still not sufficient for the payment, the standing order will not be paid.
  • If you wish to amend the details of a standing order, you need to terminate your existing standing order contract and sign a new one that contains the new details.
  • No contract fee is charged when you sign a standing order contract and the easiest way to do it is in the Internet bank. The cost of an intra-bank standing order is 0,16 EUR and transfers to other banks cost 0,38 EUR.
Standing Order Terms and Conditions