Standing Orders
What is a Standard Standing Order?
We make regular transfers, on your instruction, of a fixed amount of money from your account to another account.
Payments are processed on working days only. If your chosen payment date falls on a weekend or holiday, we’ll send your payment on the next available working day.
What is an Instant Standing Order?
We make regular Instant Credit Transfers, on your instruction, of a fixed amount of money in euro from your payment account to another payment account.
Payments are sent on any calendar day you choose – even weekends and holidays. SEPA Instant Standing Order payments are processed within 10 seconds, 24 hours a day, 7 days a week.
Instant Standing Orders can only be set up for payment accounts, which may not include mortgage or loan accounts.
Key differences between a Standard and Instant Standing Order
| Key Features | Standard Standing Order | Instant Standing Order |
|---|---|---|
| Payment Days | Only on working days. | Any day (weekends and holidays too). |
| Suitability | Can be sent to all accounts. | Can only be sent to payment accounts, this may not include mortgage or loan accounts. |
| Speed | Arrives on the next working day after it's processed. | Arrives within 10 seconds after it's processed. |
| Notification | Successful payments can be found on your account statement. | You'll be notified of the outcome of your payment immediately to the email address provided on your standing order form. |
| Limits | No limits apply. | You can apply a SEPA Instant limit. |
— YOUR QUESTIONS ANSWERED —
Standing Order FAQs
When you need to know, you need to know. Here are some useful answers to big questions.
Standing Order Set-Up and Management
To set up a Standing Order, you can complete a Standing Order form.
View our Standing Order form (PDF, 2 pages, 75KB).
You can drop or post the form to your local EBS Office or email form to info@mail.ebs.ie.
If you want to change from a Standard Standing Order to an Instant Standing Order you will have to cancel the Standard Standing Order and set up an Instant Standing Order instead.
Standard
You do not need an email address to set up a Standard Standing Order.
Instant
An email address is required to set up an Instant Standing Order as we will need to advise you on the outcome of the payment.
Standard
Standard Standing Orders can be sent from EBS Moneymanager and EBS Instant Access* accounts.
Instant
Instant Standing Orders can be sent from EBS Moneymanager and EBS Instant Access* accounts.
*EBS Instant Access accounts opened from 1st January 2016 can only send Standing Orders to other EBS accounts.
Standard
Standard Standing Orders can be sent to all account types.
Instant
Instant Standing Orders can only be sent to payment accounts, this may not include mortgage or loan accounts.
Standard
No, Standard Standing Orders can only be sent on working days.
Instant
Yes, Instant Standing Orders can be sent on any day, including weekends and holidays.
Yes, Standing Orders can be sent to both individuals and business accounts.
Yes, Standing Orders can be sent to accounts within the Single Euro Payment Area (SEPA).
No, there are no fees or charges for using Standing Orders.
You can amend or cancel Standing Orders by sending us a written request with your signature. This can be emailed to info@mail.ebs.ie, or dropped or posted to an EBS office.
Please allow up to two working days for this to take effect.
Standing Order Payment Queries
Standard
Your payment will arrive by the next working day after it's processed.
Instant
Your payment will arrive within 10 seconds after it's processed.
Standard
You can check your account statement or contact EBS.
Instant
You’ll get an email notification on the outcome of your payment to the email address provided on your Standing Order form, immediately after it's processed.
If there are insufficient funds in your account when we try to send your Standing Order payment, it will be unsuccessful.
We will not attempt to resend your Standing Order.
Your Standing Order will be sent on the next scheduled date if funds are available.
Standard
You will not be notified of a failed payment but you can check your account statement or contact EBS.
Instant
You’ll get an email notification on the outcome of your payment to the email address provided on your Standing Order form, immediately after it's processed.
General Standing Order Queries
Standard Standing Orders
For Standard Standing Orders limits do not apply.
Instant Standing Orders
You have the option to apply a limit to Instant Standing Orders.
When we receive your Standing Order form, we will check if you have a SEPA Instant limit in place.
Please ensure you have sufficient limit available when requesting or increasing the amount of an Instant Standing Order. Your SEPA Instant limit can be amended or removed on Your Accounts Online or by completing a SEPA Instant Limit form in an EBS Office.
For more information on limits please visit our SEPA Instant Payments webpage.
Yes Verification of Payee will apply to Standing Orders, however we will only check if you are present in office. We won't perform the check if you're not present, or if you have asked a third party to submit the request on your behalf. Please visit the Verification of Payee page for more information.