Payment order
Used for the transfer of funds from your account to the account of the chosen recipient.
One-time payment order
- Used for single payments or transfers
- May be single or collective
- Proof of payment will be automatically part of the bank statement
Standing order
- Will execute regular set payments automatically
- Secures trouble-free payments for e.g. savings, rent
- It enables you to set a maximum balance limit, which if exceeded, will automatically transfer the excess funds to another account, determined by you (saving account, deposit account, or any other type of account)
Advantages of a standing order
- It saves time and money
- You don’t have to watch dates and pay attention to regular transfers
- Avoid mistakes which can occur when making single transfers
Direct debit approval
Use it for regular payments when the amount does not change.
Direct debit approval
- Serves for an acceptance of payment orders you have undertaken
- Paid on the grounds of a request – payment order on a set due date
- It is appropriate for payments such as telecommunication services, SIPO
Advantages of the Direct debit approval
- You don’t have to watch the dates and amounts of payments
- You save time
- It saves you money, as fees are much higher for single payment orders
