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.

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).

Advantages:

  • Reduction in document turnover;
  • Instrument for future payment planning;
  • Wide diversity of variants of regular debiting of account;
  • Control of payment execution is carried out by the bank;
  • Guarantee of regular payment execution (irrespective of presence of an authorized persons responsible for decision making and payment instructing).


We guarantee that the representative of Corporate business OTP Bank will contact with you within 1 working day.
 
More detailed information can be obtained by calling the Information Center
  • phone: (044) 490-05-25, (044) 490-05-00 (24/7)