News feeds
Free newsletter
All the latest personal finance news - helping you make the most of your money
Home
Mortgages
Loans
Insurance
Savings & Invs
Debt
Endowments
Banking
Bills
Cards
Pensions
Bank Accounts
Compare Bank Accounts
Current Accounts
Graduate Bank Accounts
Online banking
Overdrafts
Packaged accounts
Savings accounts
Student bank accounts
Basic bank accounts
Tools
Ask the expert
Financial Age Tool
Find an IFA
Free brochures
Credit advice
Mortgage advice
UK banks
News, features & guides
Bank accounts glossary
Bank accounts news
Features
Financial headlines
Bank accounts glossary
Standing Orders
A standing order in is an instruction from a customer to a bank or building society to regularly transfer a set amount of money to another bank account, either at the same bank or elsewhere.
Standing orders can be set to run for a particular time, and cancelled by the customer at will.
They are typically used to pay for ongoing and unchanging expenses - including rent, charitable donations, mortgages, line rental, or a fixed-rate loan.
Only the customer initiating the standing order can alter it. If there is insufficient money in a customer's account to cover the standing order, the payment is skipped.
Related articles
Quarter of new students staying at home to save cash
Twenty-seven per cent of students starting university in September will stay at home to save cash.
More...
HBOS warns on economy as profits slump
HBOS has warned the economy could shrink next year as profits at the bank slumped 72 per cent for the first six months of 2008.
More...
Bank account offers ...
Abbey launches new student account
Halifax: New student account
Lloyds opens Shariah transfer account
Get a quote from ...
Egg current accounts
Lloyds TSB current accounts
Nationwide current accounts
First Direct current accounts
Co-operative Bank current accounts
Disclaimer:
myfinances.co.uk is not authorised to give advice under the Financial Services and Markets Act 2000.
Terms:
By using this site, you are deemed to have accepted our terms of use.
About Us
|
Advertise
|
Contact Us
|
Privacy
© 2004 - 2008 www.myfinances.co.uk
myfinances poll
Is the current account market working for you?
myfinances.co.uk is running a
poll
to get your thoughts on how your day-to-day banking is going.