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Standing orders

A standing order is meant for regular payment of amounts of a fixed size. By filling out a standing order agreement, you will say good-bye to monthly reminders to pay for utilities, loan or leasing payments.

With standing orders, you can specify the size of the amount to be transferred from your current account and define the frequency and date of the transfer.

The payment amount can be established as one of the following:

  • a fixed amount;
  • entire available balance;
  • entire amount exceeding minimum account balance (if a minimum balance condition has been established);
  • entire account balance on condition that the payment is not less than the amount shown in the standing order (minimum payment amount condition);
  • the minimum balance condition together with minimum payment amount condition.

On the payment date specified in the agreement, the bank will transfer the amount from your account to the beneficiary’s account. The only thing you have to do is make sure there is enough money on your current account.

Adding a new standing order

Payer's name
Account owner's name. The account owner may be different from the Netbank user if the account holder has authorized another individual to use the account in Netbank.

Beneficiary register
If the beneficiary has been saved in the beneficiary register, it can be found according to the nickname from the appropriate list. The advantage is that the Beneficiary Account and Beneficiary’s Name fields are in this case filled in automatically.

Beneficiary's nickname
A unique nickname for the beneficiary, freely selected by you. It may be the same as the full beneficiary name. Maximum length is 30 characters.

Save beneficiary in register
If you are entering data for a beneficiary for the first time and plan to use them repeatedly in the future, then check the corresponding box in order to save these data in the beneficiary register. The advantage of this is that the Beneficiary’s account and Beneficiary’s name fields are in this case filled in automatically when you select the beneficiary from the list.

Beneficiary's account
It is verified whether the account number conforms to the standard and that the beneficiary's and payer's accounts are not the same. When you choose the beneficiary from the register, the Beneficiary’s account will be filled in automatically. The field is compulsory.

Beneficiary's name
When you choose the beneficiary from the register, the Beneficiary’s name field will be filled in automatically.
Maximum length is 70 characters. The field is compulsory.

You can choose one of several means of transfer of funds:

Fixed amount
The amount in this case is fixed and will not change throughout the validity of the standing order agreement.

Entire account balance
The entire available balance will on the specified date be transferred to the account selected by you.

It is possible to set a minimum account balance. In such a case, only the funds exceeding the minimum balance will be transferred.

You may also set a minimum amount to be debited from your account. In such a case, funds will only be transferred from your account if it is greater than or equal to the minimum amount.

Maximum length is 210 characters. Allowed symbols are: . , ! # % ( ) + ? - : ; ' $ @ * and &. It is compulsory to enter either a reference number or payment details.

Reference number
It is verified whether the number conforms to the standard for reference numbers. The number must be one long series of numbers with no spaces. It is compulsory to enter either a reference number or details. Maximum length is 20 characters.

You can set the recurrence with which the standing order is executed: once a banking day, once a week, once a month or once a quarter.

Start date
Date on which the first standing order is executed. The start date may not be in the past or equal with standing order input date. The field is compulsory. If the payment date is on a day which is not a banking day, the payment date will be considered to be the first banking day following the date.

Expiry date
Date on which the standing order agreement expires. This is not a required field. If no end date has been set, the agreement is without a term.

The terms of standing payment order
Before confirming the standing order, you must have read and accepted the standing order conditions. You consent to the terms by checking the appropriate box. Netbank will not allow you to confirm payments before you provide consent to the terms.