Taking the jargon out of payments

Direct Debits, Standing Orders and recurring card payments are all ways of making regular payments, but what’s the difference?

Whichever payment type you use, we recommend checking your account regularly to make sure you’re not paying for a service or product you no longer use. Direct Debits and Standing Orders may fail if you don’t have enough money in your account, while a recurring card payment could take you over your credit limit, so it’s worth noting down your payment dates to check the payment can go through and to avoid fees.

If your payments are part of a contract but you cancel payments, you may be asked to pay the full agreed amount, so if you need to end a service we’d recommend you speak with the company before cancelling a regular payment.

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