They are simple and straightforward
Standing order forms typically only require a few basic pieces of information, such as your bank account details, the payee's bank account details, the amount of the payment, and the frequency of the payment. This makes them easy to understand and fill out. they’re especially useful for those of us who are not really ‘tech-savvy’.
They are widely accepted
Standing orders are accepted by all banks and building societies in the UK, so you can use them to pay any organisation that accepts direct payments. This means that you don't have to worry about whether the payee accepts a particular payment method.
They are free to set up and cancel
There is no charge to set up or cancel a standing order with your bank. This makes them a cost-effective way to manage your recurring payments.
They are flexible
Standing order forms can be used to set up recurring payments of any amount, at any frequency. This makes them suitable for a wide range of needs, from paying monthly bills to saving money for a specific goal.
They are secure
Standing orders are a very secure way to pay for goods and services. Your bank will never share your bank account details with the payee without your permission. Additionally, if there is an error with a standing order payment, your bank will refund the money to your account.