Standing Order Agreement Meaning

As a rule, there are no fees for such transactions. In Switzerland, standing orders are available for a fixed period of time or until cancellation. They can be sent to any receiver in the SEPA area. If the “Time” column does not contain an indication, the payment order, which is sent at any time on the bank`s working day, is executed within the number of working days indicated in the bank`s “day” column from the date of service of the payment order. If necessary, the standing contract can be terminated free of charge at any time in the Internet bank for transactions by the user with all exploitation and contract rights or in a branch. The execution of the standing order transfer is calculated according to the ordinary payment price corresponding to the Internet bank for business. A standing order is a type of order (PO) that is issued to create an account with a given provider in order to obtain certain services during a given period of time. Once your order has been processed by the purchasing department, you can place your order directly with the supplier if necessary. The concept of standing order can apply to both the purchase and the credit sector, the differences being as follows: standing orders (periodieke overschrijvingen) are available to any recipient in the SEPA zone for a specified period or until cancellation. They are not to be confused with stupid powers. time: a time during which the payment order sent on the bank`s working day is considered to have been received on the same day (the countdown to the execution time of the execution of such a payment order) is executed within the number of working days indicated in the “day” column of the bank from the date of service of the payment order.

The payment order received after the time indicated on the bank`s working day or that which is not the bank`s working day is considered received on the next working day (the countdown to the duration of the execution of such a payment order) is immediately debited, provided that it is executed within the number of working days of the bank indicated in the “day” column. from the next working day of the bank (z.B.

Jason Thane Jeffers

Jason Thane Jeffers

Jason Thane Jeffers - Metal sculptor and Web Developer.