Standing Order Facility

This is a facility under which the credit union will pay the members' standing commitments each month as required by the member.

Benefits

  • Removes the hassle of members having to make their payment obligations physically. 
  • It's convenient, very low maintenance required. 
  • It saves time and money that would normally be absorbed in transportation cost. 
  • Ability to satisfy multiple obligations via one institution.

Key Features & Characteristics

  • Funds will be sent to any institution at the end of each month. 
  • Low service charge.

 

*Conditions apply.