Standing Order
A standing order is a regular or scheduled payment for a specific period that authorize the bank to perform account transactions from customer’s account on behalf of the customer. Customer has to setup Standing Order services through Simbanking channel.
Such transactions include but not limited to.
i. Transfering money between customers own accounts
ii. Payment of utility services such TV, Water, electricity etc.
iii. Transfers to Mobile network wallets
iv. Transfers to Other Bank
v. Payment for Government bills
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