standing order help

anna42hmr

can any one help, i am just setting up a couple of standing orders (from my lloyds tsb current account) for savings accounts with alliance and leicester and skipton bs.

the two companies work where you pay them to a standard sort code and account number, and use your specific account number as the "reference" who do you put the payee as if its going to a generic account (ie do i put the payee as my name or the building society name??) normally if its to one of your own accounts specifically i put the account holder name, but not sure if thats right in this case

can anyone clarify??

cifpower

It doesn't really matter what you put in the payee field as long as the sort code, account number and reference details are fine

anna42hmr

cifpower wrote: »

It doesn't really matter what you put in the payee field as long as the sort code, account number and reference details are fine

thanks for the confirmation, i appreciate it, i was worried if i put the wrong payee it would be rejected