Standing order
A standing order is an instruction to your bank to pay a fixed amount to a particular account on a regular schedule.
Also known as: standing orders
You control the amount and the date, which makes standing orders useful for rent and regular saving. Unlike Direct Debits, the payee cannot change the amount, and there is no guarantee protection in the same way.
Setting up a standing order to a savings account on payday is one of the simplest ways to build the saving habit.
Our free budget planner can help you put this into practice, and nothing you enter is stored.
Related terms
This page provides general information only. It is not personalised financial, legal or tax advice, and rules and figures can change. Your situation is unique — please check official sources such as GOV.UK and MoneyHelper, and speak to a qualified, FCA-authorised adviser before making important decisions about your money.