Standing Orders

Standing orders are pre-authorized instructions given by a customer to their bank to automatically make regular payments from their account, such as rent or subscriptions. Once set up, the bank processes these payments on specified dates without further approval from the customer, ensuring timely and consistent transactions. They are commonly used for recurring expenses, providing convenience and reliability. Customers can usually modify or cancel standing orders easily through their bank. This arrangement helps manage regular payments efficiently, reducing the chance of missed or late payments.