There will be a time when you need to cancel your Standing order and shift to another method of payment at some point. But the question is how to cancel a standing order. If you are also confused about this, then we are here to help you out with the procedure of canceling standing orders.
What is a standing order? A standing order is a recurring payment made from one account to another. It’s for a set amount that the person making the payments can change. You will need to instruct your bank to send a fixed amount of money to the other person or company. It will run smoothly and you can easily set up and cancel it at any time. To know more about canceling standing orders, read this entire article.
Your bank or company plays an important role in canceling your standing order because every bank has its own different steps for cancelation. Follow the cancelation steps according to the bank in which your standing order is being set.
You will learn about the methods and steps of cancelation in detail for some of the banks later in this article.
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Can You Cancel Your Standing Order?
Yes, even if you set up your standing orders for a period of time that has not yet passed, you can still cancel them at any time. In fact, you are the only person who has the authority to ask the bank to cancel your standing order.
You can cancel a Standing Order with the majority of banks. A list of some of the banks/companies is as under:
- HSBC
- NatWest
- Santander
- Barclays
- Lloyds
- RBS
- Nationwide
- Co-Operative
How To Cancel Standing Order From Barclays Bank?
Do you want to know how to cancel a standing order with Barclays? It’s straightforward. You can cancel your account using the Barclays app, online banking, visiting their local branch, or by phone.
Cancel Standing Order From Barclays App
Follow these steps to cancel your standing order from Barclays App:
- Log in to your app
- Click on “Pay & Transfer”
- Tap on “Manage your Payments”
- Select “Manage standing orders”
- Choose the account from which you want to cancel your standing orders
- Click on the standing order and press “Delete”
Cancel Standing Order From Online Banking
- Log on to your Online Banking
- Click on “More” next to your account
- Tap on “View Standing Orders”
- Select the account to cancel your standing orders
- Tap on the “Standing Order”
- Click on “Delete standing order”
- Tap on “Yes” and it’s done
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Cancel Standing Order By Visiting Barclay’s Branch
If you are not registered for online banking or for its app, then you can cancel your standing order by visiting any of Barclay’s branches and asking one of their Branch members to cancel your standing order with their bank.
Cancel Standing Order Over Phone
One of the easiest ways to cancel your Standing orders is via phone call.
- Personal customers: call 0345 734 5345
- Premier customers: call 0800 924 7365
- Business customers: call 0345 605 2345
How To Cancel Standing Order From Lloyds Bank?
From Llyods bank, you can cancel your standing orders via an online banking account or mobile banking app. Here is how you can do so:
Cancel Standing Order From Mobile Banking App
- Open your banking app from your mobile
- Click on the three-dots button next to your account name
- Tap on “Standing orders & Direct Debits” from the drop-down list.
- Your list of regular payments will open
- Click on “Delete” to cancel your payment
- Tap on “Confirm”
- You are all done!
Cancel Standing Order From Online Banking
- Open your Online Banking Account
- Click on “More actions” next to your standing order account
- Tap on “Standing orders & Direct Debits” from the drop-down list.
- Your list of regular payments will open
- Click on “Delete” to cancel your payment
- Tap on “Confirm”
- You are all done!
How To Cancel Standing Order From Nationwide Company?
You can easily cancel your standing order from the Nationwide banking app, from their online banking account, over the phone, or by visiting the bank branch.
Cancel Standing Order From The Banking App
- Log in to your banking app
- Choose the account to cancel your standing order
- Select “More” from the bottom
- Click on “View & Cancel Payments”
- Locate the standing order to cancel
- Tap on “Cancel this standing order”
Cancel Standing Order From Online Banking
- Log in to your Online Banking
- Click on the “Move Money” tab
- Select the right account from the “View Outgoing Payments”
- Then, select “Go”
- Locate the payment from the list you wish to cancel
- Hit the “Go” button
- Follow the instructions to cancel your selected standing order
Cancel Standing Order Over Phone
You can also cancel your standing order easily over a phone call. You must have your account and payee’s information in your hand. The phone number depends on the type of account you are calling about.
- FlexAccount, FlexOne, FlexStudent, FlexGraduate, and Flexbasic Account: call on 03457 30 20 11
- FlexDirect Accounts: call 03456 07 73 57
- FlexPlus accounts: call 0800 11 88 55
You can call on these numbers on Monday to Saturday from 8 am to 6 pm, closed on Sundays
Cancel Standing Order By In-Person
You can cancel your standing order by visiting your nearest branch location and asking the branch manager to cancel your order with them.
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How To Cancel Standing Order From HSBC Bank?
With HSBC Bank, you can cancel your standing order from mobile banking, or online banking. You must complete it at least one business day before your next payment is due.
Cancel Standing Order With Mobile Banking
- Log in to your HSBC Mobile banking app
- Navigate to the “Manage bills” page
- You can see all the standing orders & Direct Debits on your account
- Tap on that standing order which you wish to cancel
- Tap on the “Confirm” button
Cancel Standing Order With Online Banking
- Log on to your online banking
- Tap on “Standing Orders & Future Payments” from the quick links section
- Select your standing Order Account
- Select the “more information” icon
- Tap on “Delete” and follow the on-screen instructions
How To Cancel Standing Order From A Co-Operative Bank?
You can cancel your standing order from a cooperative bank until 9 pm on a working day before the due payment. The methods to cancel this are from a mobile banking app or online banking.
Cancel Standing Order With Mobile Banking App
- Open your banking app from your mobile
- Click on “View Account”
- Select “Payments & Transfer”
- Ensure it is you
- Tap on “View” next to your standing order
- Choose the standing order to cancel
- Click on “Cancel this standing order”
Cancel Standing Order With Online Banking
- Log in to online banking
- Click on “View Account” from the account from which you wish to cancel your standing order
- Click on “Planned Payments”
- Ensure it’s you
- Click on the “View” next to the standing order
- Tap on “Delete” to cancel your standing order
How To Cancel Standing Order From KBC Company?
Follow these steps to cancel your standing order from the KBC company:
- Open your KBC Online Banking
- Select the “Standing Orders” button from the transfer section
- Choose the selecting order that you wish to cancel
- Then, tap on the remove icon
How To Cancel Standing Order From Santander?
If you have a Santander standing order, simply log in to your account and then navigate to the “Payments” tab. Then, choose “Standing Orders” and proceed as directed on the screen.
How Long Does It Take To Cancel A Standing Order?
Well!! Standing order does not take too much time for cancelation. It depends on the bank. Every bank has its own time to cancel its standing order.
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Frequently Asked Questions
What Is The Difference Between Standing Order Vs Direct Debit?
Direct Debits are typically set up with a company to allow them to automatically collect payments for a recurring bill.
A Standing Order is usually set up by the account owner and only that person has the authority to make changes to payments. Through standing payments, a fixed amount of payment is debited from your account and credited to some other person or company account on a regular basis.
How To Cancel Standing Order On Credit Card?
To cancel your standing order on your credit card, you first need to know who issued you your credit card ( the credit card company, or bank) and tell the card issuer through phone, email, or letter that you want to end your standing order payments.
What Happens If A Standing Order Is Not Paid?
Your bank may refuse your payment if your standing order is not paid. If there are insufficient funds in your account, your standing order will be suspended until the next due payment. Some banks will perform a “retry process”, in which they will try to send your order again.
What Are The Disadvantages Of Standing Orders?
Lack of flexibility
Payments are dependent on the customer
Payments delay and failures are possible
There will be more manual processing and administration
Can You Cancel A Direct Debit?
Yes, you can easily cancel your Direct Debit by calling your bank and telling them to do so. According to your instructions, they will cancel your Direct Debit card.
Conclusion
If you are also tired of your standing order payments and want to cancel them, then from here you will be able to understand clearly the cancelation steps for various banks and companies.
Keep in mind that cancelation steps are different for each one. You need to read carefully according to the bank account from which you set up your standing order.