A standing order is a regular fixed payment from your bank account or current account to another bank account or current account. These fixed payments can be to friends, family, organisations or to other banking accounts that you may have. You can cancel and amend a standing order as and when you like.
5 Facts About Standing Orders
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 banking 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.
Open your E-money Current Account in Minutes
Open your Suits Me account in under 10 minutes and get access to your online banking account and mobile banking apps to start managing your money and setting up standing orders.
Open your e-money current account with Suits Me today in minutes (no credit checks) and receive your free debit card within 3-5 working days.
Please Note: Suits Me is not a bank. It’s an alternative banking solution with an e-money license. Providing features, functions and services that are either the same as or similar to that of a bank. Suits Me do not offer a credit facility in any form. Read more about how your money is protected on our Protected Accounts page.