A debit order is a commitment you make to make a payment every month from your bank account to another person or entity. The amount that you agree to pay is taken from your bank account for a service or to repay a loan on a date that you decide on. Debit orders make it easy to keep track of payments and ensure they go off every month. You can also request a payment history in terms of debit orders to know exactly what is going in-and-out of your account.
Because you decide on the date your debit order will go off, you can decide which of your financial priorities get paid first.
This payment option is available on all our products.