Raiffeisen Naturally The blog

Standing orders let you make regular payments or transfer a set amount to a savings account every month. It is an automatic, recurrent transaction.

As long as there is money on your account, the recurrent payment will be made.

Standing orders are ‘electronic’ payments and therefore benefit from preferential pricing.

Direct debit- make your life easier! 

When you set up a direct debit (or domiciliation) for your bills, you authorise your supplier to request payment from your bank.

You don’t need to do anything else — your bills will be paid automatically. Contrary to a standing order, the initiator of the payment is the creditor, for whom this means of payment is a quick and easy collection method.