If you want to make regular payments to someone (every month, every three months, or every year), you can set up a standing order.
You tell your bank (in person or by post, telephone, online or mobile) the amount of the payment, the recipient’s bank account details, and when and how often you want the payment to be made. The payments will then be made without you having to think about them any more – though you can change or cancel standing orders at any time if circumstances change.
Standing orders show up on your statements. Some people make standing orders from their current accounts into their savings account – it allows you to build up your savings without consciously having to make payments.
Have a look at our other banking and money pages: