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Standing Order Query
shaz77_2
Posts: 1,881 Forumite
Hi All,
My tenant pays a fix standing order into my account each week, today the amount was marginally under the agreed amount.
Would the tenant have had to physically lower this amount on the standing order, or is it possible that there would not have been enough money in their account and the standing order took out the maximum available?
My tenant pays a fix standing order into my account each week, today the amount was marginally under the agreed amount.
Would the tenant have had to physically lower this amount on the standing order, or is it possible that there would not have been enough money in their account and the standing order took out the maximum available?
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Comments
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Standing orders are fixed by the account holder, direct debts are variable by the receiver. It is very unlikely the bank have done this to save the account holder bank charges!0
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It could just be a banking error at either end.
Ask your T about it - it doesn't need a confrontation. Telll them that there appears to be an error in their payment as you have received £xxx rather than the due amount of £yyy.
Just ask them to let you have the shortfall by cheque within the week and ask them to check that the SO will be processed correctly for future weekly payments.
Have you provided your tenant with a Rent Book, as required by law, if rent is paid weekly?0
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