A standing order is a regular fixed payment from your account to another account. These fixed payments can be to friends, family, organisations or to other accounts that you may have. You can cancel and amend a standing order as and when you like.
Difference between a direct debit and a standing order
A direct debit is controlled by the company that you authorise the direct debit with, however, they cannot amend it without informing you first. You can cancel a direct debit with your provider, however, you can’t amend payment amounts and scheduled payment dates.
You have full control over a standing order that you set up, from scheduled payment dates to payment amounts within the standing order.
Setting up a standing order
Standing order costs
Setting up a standing order is free for our Premium Plus account holders and £0.60 per standing order for Premium account holders. View our costs page to see all of our current account costs.
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Open your Suits Me® account in under 3 minutes and get access to your online money account and mobile app to start managing your money and setting up standing orders.