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Standing Orders
Safe solution which will safe your time
- Automatically executed payments
- A wide choice of the frequency of the execution of payments
- Set up, adjust and cancel the standing order free of charge
- Simple management of agreements and monitoring of the performance thereof
A standing order is the best solution for making regular payments of the same amount to the same beneficiary, such as monthly payments for loan or leasing repayments, and making contributions to employees’ 3rd pension pillar funds.
A standing order can be set up quickly and easily via the internet banking, under the section Payments → Standing orders, as well as at any branch of SEB bank.
In setting up a standing order, you need to specify:
- Information about the beneficiary
- The amount and currency of the payment: a fixed amount, the amount in the account after the execution of the payment, or the entire balance on the account
- The frequency of the execution of the payment
- The date of the first payment
- The maturity date of the agreement
Standing order agreement will be automatically terminated if the payment will not be made three consecutive times due to insufficient account balance. Check out Standing order agreement terms and conditions.
| Services | From Current account and Cash account |
|---|---|
| Service implementation | Free of charge |
| Amendment in agreement | Free of charge |
| Termination of services | Free of charge |
| Transfer | In accordance with the fee for the respective payment in electronic channels |