Comment on page

Standing orders

Introduction 
A Standing Order is a mechanism to schedule outgoing recurring SEPA Credit Transfers and SEPA Instant Credit Transfers. When you set up a standing order, consent is required. Then, transfers will be executed depending on your rules without requiring any consent or action from a user.
There are two types of standing orders :
1.Fixed amount: choose a recurring transaction amount regardless of the available account balance.
Example: Transfer 500€ each month to pay a provider.
2.Target balance: choose a target amount for the available balance after a transaction.
Example: Once a day, transfer everything above 1 000€ to another account.
Schedule a Standing Order
Only a pre-authorized member with the canInitiatePayments right can perform the scheduleStandingOrder mutation. 
When setting the Standing Order, the member can choose:
amount (nullable): transfer a fixed amount
targetAvailableBalance (nullable): the amount that should remain on the account after the transfer
period:  choose the recurrence of the transfer.
firstExecutionDate (nullable)
sepaBeneficiary: the transfers beneficiary
mode (optional): choose Regular (default value), InstantWithFallback, or InstantWithoutFallback (learn more about fallback)
Amount and targetAvailableBalance can't be used at the same time for one Standing Order.
The mutation will create a Standing Order in ConsentPending status.
Standing order state diagram
Once created, you'll be able to consult the standingOrder list for an account. Once executed, you'll be able to consult the standingOrder of a payment and vice versa.
Cancel a Standing Order
A Standing Order can be canceled by a member with the canInitiatePayments right, by calling the mutation cancelStandingOrder.
Beware that canceling a Standing Order will not cancel the associated transactions if they are already in process. 

Direct Debit

Card Payment

Last modified 1mo ago