Standing orders are regular payments involving, for instance, the same amount on the same day every month. These payments can be made Monday to Friday and can be sent using the Faster Payments Service.
How does it work?
To set up a standing order, you can
- visit one of our branches
- call your branch
We will transfer the specified amount from your account to the account of the person you are paying on the dates that you have requested.
Faster Payments Service (FPS)
FPS is a payments scheme in the UK which enables payments to be processed in near realtime. Both sending and receiving Financial Institutions must be participants in the scheme - not all Financial Institutions are in the scheme.