Standing order quaestion...

Chap I know owes me a bit of money. He acknowledges this, and agrees to repay the debt. He is in employment, but quite a distance away, so I don't see him often and payments aren't exactly regular, and he's not what could be described as reliable.

Have decided that if he sets up a standing order for the payments would be the best thing. Is it as simple as putting his bank details on a piece of paper, my bank details, the amount to be paid, the interval and having him sign? Similar to standing order forms I have seen for charities and such like? Does it have to be a monthly thing, or can the account be debited weekly? Does he have to present the completed standing order in person at his branch, or can I do it, once it is completed?

Or am I barking up the wrong tree?

Marcus

Reply to
Marcus Fox
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"Marcus Fox" wrote in message news:4h8Id.80$ snipped-for-privacy@newsfe4-win.ntli.net...

I dont see why it couldnt be posted or handed in to his bank by you. Standing orders can be as frequent as you want AFAIK, certainly my barclays on line account gives me loads of different frequency options for SO's including weekly fortnightly and monthly. You could just go into a branch of his bank find out what details they need (they may have a form, IIRC barclays dont any more you just write them a letter with the details), then fill it in, get his signature on it, and post it or hand it in.

Reply to
Tumbleweed

Thanks for the info,

Marcus

Reply to
Marcus Fox

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