A standing order is an automatic regular payment but the amount debited is fixed. You set it up and only you can change it – for example, only you can change the amount taken or payment date. Rent or mortgage payments are often paid by standing order. You can also set up a standing order to your savings account if you want to save regularly.
Standing orders function in a similar way to Direct Debits. The main difference is the ability to set up, manage, amend and cancel a standing order at any time you like! It is now easier than ever to manage your standing orders through Anytime Banking. You can now access standing orders make changes from your computer or mobile where ever you are in the world. Just make sure you have your card reader.