Help With Standing Order Charge

1OTC

Hello there,

I have just recieved my maintenance charge for where I live. I have to pay for the upkeep of the grounds etc.

The charge is £95 and I have two options of payment.

1. Pay the amount in full
2. Set up a Standing Order

If I pay the amount in full, then its £95

However, If I want to set up a Standing Order, they charge £29 for doing this.

Can they charge this?
Is this lawful?

Any help would be great

Thanks

Emmylou_2

I'm by no means an expert but why don't you ask for their bank details and set the standing order up yourself (via internet banking). this way you can control when the payment leaves your account and they shouldn't be able to charge you an admin fee (which is probably what the £29 is)

tom188

Are you spreading the cost over a period of time with the standing order? If so this may be the charge for doing so.

MarkyMarkD

^^^ what Tom said.

computerwoman

sorry to butt in but do all banks charge for standing orders, just wondered as the water board have just set a s/o for £6 every week so will I get charged for this.

tom188

At the moment SO are processed free of charge from UK personal accounts. Any charges will only be levied by the beneficiary. This may of course change in the future.

computerwoman

thanks for that.
cw

1OTC

Thanks peoples.

I am splitting the payment over time.

I'll try doing it myself. I see no reason why I should pay an extra 30% to do so.

ferf1223

1OTC wrote:

Thanks peoples.

I am splitting the payment over time.

I'll try doing it myself. I see no reason why I should pay an extra 30% to do so.

by allowing you to split the payment over time they are effectively offering you financing for the amount...as others have said, this is likely why there is an additional charge for paying this way...I would agree that 30% seems high, but if those are their terms they may not offer you a reduction and setting it up yourself may not result in any savings. I would ask them what the additional fee relates to and see what they say.