Standing Order Form
A standing order is an instruction that a bank account holder gives to their bank to pay a set amount at regular intervals to another account e.g. rent. A standing order can be set up to run for a set period of time, or indefinitely, and can be cancelled at the account holder's request.
The Standing Order Form offers the following benefits:
- Convenient - No writing or posting of cheques or postal orders by tenant's.
- Peace of mind - No worries about tenant's forgetting to pay.
- Safe - No need to carry large amounts of cash.
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