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With a standing order you instruct your bank to make regular fixed payments from your account to another account. You might pay ongoing expenses in this way, for example your rent.
You instruct your bank about how much is to be paid and when, for example, on a certain date every month, or once a week. The amount does not change uess you ask your bank to change it.
To cancel or change a standing order, you should contact your bank. It is usually better to do this in writing and keep copies of correspondence. There may be a charge for setting up or changing a standing order.
Once you have set up a standing order on your account, you can be sure that your regular payments will be made as long as you have money in your account to meet those payments. If there is not enough money in your account, your bank may charge a penalty..
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