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Standing Order Query

martyoo · 2018-06-29 09:23:48

Hi, If a standing order is setup for a specific date so the amount leave the account on that date or credit the receiving account on that date?

29-06-2018 10:23am

#1

martyoo

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Hi,

If a standing order is setup for a specific date so the amount leave the account on that date or credit the receiving account on that date?

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Comments

#2 29-06-2018 10:27am

TomOnBoard

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martyoo wrote: »

Hi,

If a standing order is setup for a specific date so the amount leave the account on that date or credit the receiving account on that date?

Leave on that date or next working day if date is at a weekend or bank holiday

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#3 29-06-2018 10:27am

Liam D Ferguson

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A Standing Order is set up for the money to leave your account on a specific date.

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#4 29-06-2018 10:41am

martyoo

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Thank you both. Just wanted to make sure.

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#5 29-06-2018 1:04pm

Spocker

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Just to add if the source and target banks are the same, the debit and credit will both be on the same day

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