Advanced standing order/transfer rules

Brokenlynx

Are there any accounts that offer a feature that could do rule based transfers or payments similar to:

• Transfer £100 from account A to account B on the first Monday of each Month.
• Transfer £100 on the first weekday of each month.
• Transfer £50 every 4 weeks.

Nothing too crazy, just a little more control over the date logic rather than just having once a month or a specific day. 

Thanks

DullGreyGuy

Barclays you can easily do the 2nd (just setting to 1st will achieve this) and 3rd bullet (they've a 28 day option) 

The first bullet may be more tricky, they have a last Monday of the month option, but they do have a "Monthly - specified day" (note day not date) which may achieve it but its not 100% clear from the description.

The problem with 1 will be that Monday can be a bank holiday in which case it'll defer until the next working day

flo22

Barclays specific day monthly can achieve the 1st option - I have one for 1st Wednesday of the month but that is a good point re bank holidays 

AmityNeon

Traditional banks only process Standing Orders on working days.

Barclays:

• Week
• Fortnight
• Month - specific date
• 28 days
• 2 months
• 3 months
• 4 months
• 6 months
• Year
• Last day of the month
• Last working day of the month
• Month - specific day
• Last M, T, W, Th or F of the month
• Quarter day (25-Mar, 24-Jun, 29-Sep, 25-Dec)
• Scottish quarter day (02-Feb, 15-May, 01-Aug, 11-Nov)
• Day that ensures receipt by every English quarter day (20-Mar, 19-Jun, 24-Sep, 20-Dec)
• 2 years
• Barclays staff pay day

If you choose 'Month - specific day' or 'Last M, T, W, Th or F of the month', your last payment day will automatically be determined by the first payment date you choose.

Co-operative Bank:

• Weekly
• Fortnightly
• 4 weekly
• Monthly
• Bi-monthly
• Quarterly
• Half-yearly
• Yearly

HSBC:

• Last day of the month (staff setup only)
• Last working day of the month (staff setup only)
• Weekly
• Fortnightly
• Four weekly
• Monthly
• Quarterly
• Annually

Lloyds/Halifax/Bank of Scotland:

• Weekly
• Every four weeks
• Monthly
• Every two months
• Quarterly
• Half-yearly
• Yearly

Metro Bank:

• Daily
• Weekly
• Every 2 weeks
• Every month
• Every quarter
• Every 6 months
• Every year

Nationwide:

• Week
• Fortnight
• 4 weeks
• Month
• Quarter
• Half a year
• Year

NatWest/RBS:

• Weekly
• Two Weekly
• Four Weekly
• Monthly
• Quarterly
• Four Monthly
• Half-yearly
• Yearly

Santander:

• Weekly
• Every 4 weeks
• Monthly
• Every 2 months
• Quarterly
• Half-yearly
• Annually

TSB:

• Weekly
• Every four weeks
• Monthly
• Bi-monthly
• Quarterly
• Half-yearly
• Annually

Virgin Money:

• Week
• 2 weeks
• 3 weeks
• 4 weeks
• Month
• 2 months
• 3 months
• 6 months
• Year

---

Digital 'challenger' banks process scheduled payments (technically not Standing Orders) on all days.

Chase:

• Day
• Week
• Month
• Year

Kroo:

• Daily
• Weekly
• Fortnightly
• Monthly
• Quarterly
• Yearly

Monzo:

• Day
• Week
• 2 Weeks
• 4 Weeks
• Month
• Quarter
• Year

Starling: every [1 to 999]...

• Day(s)
• Week(s)
• Month(s)
• Year(s)

alibean121

Thanks that list is helpful however, you're really going to need to help me with how on earth you select last working day of the month from HSBC. I've checked my app and full online banking and that option (and the last day of the month) definitely isn't in my dropdown. Would be very helpful but I've never seen any options like that from them. I agree Barclays are streets ahead in terms of offering proper flexible options - I was astounded at the list when setting up my recent account.

flo22

If HSBC is anything like Barclays then the full list of possible schedules is not available within the app/online banking but it is available to branch staff - might be worth a visit 

EarthBoy

flo22 said:

If HSBC is anything like Barclays then the full list of possible schedules is not available within the app/online banking but it is available to branch staff - might be worth a visit 

I can't speak for HSBC, but the full list of schedules given above is available in Barclays app. 

Band7

EarthBoy said:

flo22 said:

If HSBC is anything like Barclays then the full list of possible schedules is not available within the app/online banking but it is available to branch staff - might be worth a visit 

I can't speak for HSBC, but the full list of schedules given above is available in Barclays app. 

Impressive list of options by Barclays, online and in their app 

AmityNeon

alibean121 said:

Thanks that list is helpful however, you're really going to need to help me with how on earth you select last working day of the month from HSBC. I've checked my app and full online banking and that option (and the last day of the month) definitely isn't in my dropdown. Would be very helpful but I've never seen any options like that from them.

I was deceived by this helpful video…
https://online.email.hsbc.co.uk/contactcentre/new-platform-create-a-standing-order.php

You can't set those frequencies yourself, but you can contact HSBC using your preferred method, and they can do it for you.