Standing Order. An instruction to a bank by an account holder to make regular fixed payments to a particular company.
Standing Order. The Bank remits a particular amount from the Client’s account at regular times; as instructed by the Client.
(1) Cash Deposit – The Client deposits cash into an account.
Standing Order. This is the preferred method of payment. Parents must fill out our Standing Order Mandate and provide a copy of the Mandate to the school Secretary (the original must be given to the bank).
Standing Order. 8.1. The client is authorized to give the bank an order, on the basis of which the bank will make regular payments in favor of the recipient;
8.2. In order to activate the standing order (to receive the service), the client must apply to the bank in accordance with paragraph 1.2 of this agreement.
8.3. A standing order can also be used to pay utility bills or transfer funds from the client's accounts for other purposes without the client's further consent.
8.4. The parties agree that the electronic payment documents developed by the Bank for a standing order have the same legal power as a document printed on paper and confirmed by the signature of a person authorized to dispose of the account.
8.5. If the execution day of the operation requested by the standing order application coincides with a non-banking day, it will be executed on the next banking day.
8.6. If in order to perform the operation requested by the application, it is necessary to convert the amount into another currency, the conversion will be done at the commercial exchange rate active at JSC Basisbank on the day the payment is executed.
8.7. In order to perform a standing order by the bank, the client is obliged to:
8.7.1.1. Always have sufficient balance for scheduled payment and service fee (if any) on the accounts specified in the standing order application;
8.7.1.2. Pay the service fee based on the rates applicable in the bank at the time of payment.
8.8. The client is entitled to:
8.8.1. Receive information about making payments from their accounts on the basis of a standing order;
8.8.2. Cancel the standing order only before the next payment operation is executed (before their account is debited with the amount of the operation).
8.9. The bank is obliged to:
8.9.1. Fulfill the client's standing order under the terms and procedures established by the bank.
8.10. The bank is authorized to:
8.10.1. Not to perform the next credit payment operation defined by the standing order:
8.10.1.1. In case of insufficient funds on the client's account(s);
8.10.1.2. In the cases provided for by the current legislation of Georgia;
8.10.1.3. In the presence of the client's debt to the bank;
8.10.1.4. In the cases specified in the paragraph 8.3 of the agreement, to unilaterally terminate the standing order to the client in the event that the contractual relationship between the bank and the person receiving the money is terminated (if any).
Standing Order. A general order to a vendor or a publisher to supply the volumes or parts of a particular title or type of publication as they appear, usually until otherwise notified.
Standing Order a) During the duration of your storage, you may issue a Standing Order instructing us to initiate a regular withdrawal of a Digital Asset from any of your Digital Asset Deposit Address(es) to a particular Digital Asset Release Address you have provided.
b) For Standing Order(s) with an instruction to convert the withdrawn Digital Asset into fiat, you agree that the conversion will be processed based on the timing and pricing reference specified on the relevant Standing Order(s).
c) You further agree that Standing Order(s) shall continue to be effective until its validity period lapses (in accordance with the Standing Order), is revoked by the Hirer, superseded by a new Standing Order, or when the registered linked bank account or the registered linked digital asset address used in the Standing Order is changed by the Hirer in accordance with our procedures.
Standing Order. The Customer hereby acknowledges that a Standing Order authorizes the bank to continuously deduct from the customer’s account the amount(s) and for the duration as stipulated in the instruction or obligation until the bank has received a cancellation request from the customer or the beneficiary. The Customer acknowledges that it can’t cancel a standing order if it entails a payment obligation on the customer to the benefit of Al Rajhi Bank or a third party unless the customer has a clearance from the bank or the third party concerned. The customer warrants the correctness of all information in the instruction or obligation and acknowledges that Al Rajhi Bank is not responsible in case of inaccuracy of such information or in case the customer unduly cancels the standing order, has no sufficient funds in its account on deduction date, upon emergency suspension or errors in communication systems, or in case of inability to reach the beneficiary due to inaccurate information, decline to accept payment or due to any other reason for which the bank is not to blame.
Standing Order. Payroll Deduction (from participating employers)
Standing Order. 1. Any transfer Instruction may be submitted in the form of a Standing Order.
2. Standing Order Instructions shall be submitted by way of providing the Bank with a completed and signed form made available by the Bank, or via the Internet Banking System, or orally in the Private Banking Center.
3. A Standing Order Instruction may be issued for a fixed period or unlimited period. It shall specify:
a) a fixed amount which must remain unchanged during the period of Instruction validity, whereby the Account Holder can separately determine the amount of the first or last payment to be made within the framework of the Standing Order Instruction, or
b) that it concerns the entire balance of the Account on a given day, or
c) that it relates to funds exceeding a specified amount on a given day.
4. If the date specified as the date of execution of the Standing Order is not a Business Day, the Bank will execute the Standing Order on a Business Day immediately following such date.
5. The Account Holder shall to ensure, in the Account, at the end of the Business Day immediately preceding the date of execution of the Standing Order, an Available Balance sufficient to execute said Standing Order and to cover the Bank's fees related to the execution of said Standing Order.
6. The Account Holder may cancel the Standing Order Instruction (i.e. the authorization shall be withdrawn) no later than at the end of the Business Day preceding the agreed day of charging the Account.
Standing Order. A contract that provides for a vendor to supply specified products or services for a specified period of time with actual requirements to be determined, requested, and delivered when and as required.
