Standing orders and Direct Debits are automatic payment methods that are used to make recurring payments.
Direct Debits and standing orders
What is a Direct Debit?
A Direct Debit is an instruction given to your bank that gives permission to a business to take payments from your account. The business can make changes to the payment, however they will need to let you know you first.
Payments made by Direct Debit are protected by the Direct Debit Guarantee. This means that if there is a payment error, for example, if the payment is taken on the wrong date or an incorrect amount is taken, you will be refunded.
Direct Debits are often used for regular utility bills, such as energy and gas or subscriptions, such as gym memberships and streaming services.
What is a standing order?
A standing order is a recurring payment that allows your bank to take a fixed amount of money from your account on a specified date at regular intervals.
Standing orders are normally used to pay bills (such as electricity, internet, or subscriptions), rent or mortgage instalments, and for regular transfers to other accounts, such as friends and family.
Standing orders can be changed or cancelled at any time.