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Standing order for the end of the month

eoin95 · 2012-08-23 17:19:29

Hi, Anyone know what happens when a standing order is set up to be paid on the 31st of the month and the month only has 30 or 28 days? Will it be paid on the last day of month or 1st of the next month? Thanks

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23-08-2012 6:19pm

#1

eoin95

Closed Accounts Posts: 103 ✭✭

Join Date: June 2010

Posts: 63

Hi,

Anyone know what happens when a standing order is set up to be paid on the 31st of the month and the month only has 30 or 28 days?

Will it be paid on the last day of month or 1st of the next month?

Thanks

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#2 24-08-2012 10:32am
Bank of Ireland: Linda

Closed Accounts Posts: 719 ✭✭✭

Join Date: March 2012

Posts: 705

Hi eoin95,

A standing order will never be taken early, if you have the standing order set up to take on the 31st of the month, it will come out on the next working day.

Thanks
Linda

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