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Regular payment made out of a current account which is of a set amount and is originated by the account holder
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What does STO mean in bank statements?
Standing order
What does SO mean on a bank statement?
It means standing order
What is a standing order?
Standing order refers to a statement that is provided to a bank. This ensures that bills are paid directly from the account on a regular basis.
Meaning of REV in the bank statement of Axis bank?
REV - reversal: a standing order or Direct Debit has been recalled
How do you stop a standing order going into your bank account If you can't get hold of the person responsible for setting it up?
Contact your bank to cancel the virtual payment.
Where do you find a firing order diagram for a 1999 Lexus rx 300?
The firing order is 1,2,3,4,5,6. Standing at the front of your vehicle cylinder locations are as follows. Back bank, left to right 1,3,5. Front bank 2,4,6.
What does so mean inn bank terms?
In banking terms, "SO" typically stands for "Standing Order." A standing order is an instruction a bank account holder gives to their bank to make regular, fixed payments to another account at specified intervals, such as monthly or quarterly. This is commonly used for recurring payments like rent or subscription services, ensuring that the payments are made automatically without further action from the account holder.
Can a bank sue for forgery or does it have to be person who has the checking account?
In order to sue someone, you have to have what is called "standing". Generally speaking, this means that you have to have suffered some harm. If the bank lost money as a result of the forgery, then they could sue.
Whats the difference between a standing order and a direct debit?
A Standing Order is your instruction to your bank to pay a certain amount from your account to us at certain times of the month. This instruction needs to be renewed every year when you get your account from us.Direct Debit - this is your authority for us to ask for payment from your bank account. Once this arrangement has been set up, it will carry on unless cancelled by you or us.
Where can one set up a charity bank account?
Money can be donated to charity in many ways. You can set up a standing order direct from your account to pay regularly to your chosen charity. Contact the charity to ask for their account details then ask your bank to set up the order.
What is a bank accountant?
bank account  -noun 1. an account with a bank. 2. balance standing to the credit of a depositor at a bank.
What is a doctors standing order?
A standing order is an order from a physician, usually for multiple items, that is entered and does not require any further communication from a nurse to the physician. For example, a physician may order immunizations as a standing order. When a patient is admitted to the hospital, those standing orders apply and a patient may receive the order without the nurse calling for a specific order on the patient.
