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What is the name of a service where a bank makes regular payment on behalf of its ...

What is the name of a service where a bank makes regular payment on behalf of its customers
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Direct debit
  • B Credit transfer
  • C Standing order
  • D Bank draft
Correct Answer: Option C
Explanation:
Standing order; is an instruction to a bank by an account holder to make regular fixed payments to a particular person or organization.

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