Standing order
By a standing order, authorise the Bank to settle automatically your monthly liabilities, on your behalf and from your account to the accounts of the companies with which the Bank has entered into agreements on standing orders. There is the possibility of transferring funds by a standing order to accounts of a certain individual or legal entity with whom the Bank has not entered into agreements on standing orders.
A standing order may refer to monthly bills, transfer of funds at the accounts of your friends and family, children who study away from home, payment of an insurance premium.