A standing order (or a standing instruction) is an instruction a bank account holder ("the payer") gives to their bank to pay a set amount at regular intervals to another's ("the payee's") account., This guide covers all you need to know to set up a standing order, as well as some common uses for standing order payments. Plus, to help you save money when sending international payments, we’ll also introduce Wise., Automate recurring payments with standing orders. Streamline cash flow, reduce manual work and improve financial planning for your business., A standing order is a recurring arrangement of a business or individual with their banks whereby the latter is instructed to pay a fixed amount to another business or individual at regular intervals in exchange for the services they offer to the account holder., A standing order is a recurring authorization to purchase or pay. It usually expires as of a specific date. A standing order is commonly used for consistent, predictable payments like rent, subscriptions, or loan repayments., A standing order is a regular payment of the same amount that’s paid on a specified date. It allows the bank to take money regularly from your account to pay another account..