Standing Order
Standing order ‐ is a regular payment executed with a fixed periodicity for a certain amount to the same beneficiary and with the same payment details.
To benefit from the advantages of the Standing Order function, the Client shall only sign a special Supplementary Agreement containing payment instructions ‐ variant of regular debiting of account, beneficiary, payment details.
This Service is available for customers who have opened current accounts with OTP Bank.
Advantages
![Reduction in document turnover Reduction in document turnover](/upload/images/icons304px/90.jpg)
Reduction in document turnover
![Control of payment execution is carried out by the bank Control of payment execution is carried out by the bank](/upload/images/icons304px/91.jpg)
Control of payment execution is carried out by the bank
![Instrument for future payment planning Instrument for future payment planning](/upload/images/icons304px/74.jpg)
Instrument for future payment planning
Variants of regular payments under Standing Order
- Debiting of the full amount;
- Debiting of a fixed amount
- Debiting of the full amount, excluding a definite minimum balance
- Debiting of fixed amount if negative account balance ‐ with overdraft limit
- Automatic replenishment of Call Deposit by any variant of Standing Order (excluding overdraft limit)
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