OTP Bank

Standing Order

Standing Orders are an automated method of payments where a person or business instructs the bank to pay a person or business a fixed amount of money at regular, fixed intervals.

Benefits of the Standing Order service:

  • Free of charge for both parties
  • Easy to install
  • Useful for recurring payments

The best advantage of standing orders is their application to recurring payments. This is one of the best options for individuals or companies that need to organize their periodic payments.