A Standing Order Form is a document used in the UK to set up a regular payment from a bank account to another account. It is a legally binding document, so both parties must agree to the terms and conditions before it can be set up.
The Standing Order Form must include the name of the payer, the name of the payee, the amount of the payment, the frequency of the payment, and the date the payment should be made. The Standing Order Form must also be signed by both parties and must be approved by the bank. The Standing Order Form must also comply with relevant UK laws and regulations, including the Payment Services Regulations 2017.