Non cash payments

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