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Standing Order hold

  • 17-12-2014 9:29am
    #1
    InishGael
    Registered Users, Registered Users 2 Posts: 92 ✭✭


    Hi, I have a standing order coming out on 18th of each month. However due to Xmas I won't have enough in account to cover SO at moment so I put a Hold on it via 365 website. Checked today & status has changed from Active to On Hold. I get paid on 19th & will lift hold then. My question is when will next amount come out, will the SO due on 18th now come out on next working day or is that it until 18th next month? And if so will this months hold amount be deferred until next, effectively be double coming out next month? Appreciate if this can be clarified.


Comments

  • #2
    Bank of Ireland: Billy
    Closed Accounts Posts: 1,066 ✭✭✭Bank of Ireland: Billy


    InishGael wrote: »
    Hi, I have a standing order coming out on 18th of each month. However due to Xmas I won't have enough in account to cover SO at moment so I put a Hold on it via 365 website. Checked today & status has changed from Active to On Hold. I get paid on 19th & will lift hold then. My question is when will next amount come out, will the SO due on 18th now come out on next working day or is that it until 18th next month? And if so will this months hold amount be deferred until next, effectively be double coming out next month? Appreciate if this can be clarified.
    Hi InishGael,

    Thanks for our post.

    When you lift the standing order hold on Dec 19th, the next payment will be scheduled for Jan 18th and will leave your account once.

    I hope this helps and please let us know if we can help with anything else.

    Billy


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