What Happens When You Cough

Transfer and standing order payment

transfer:

More than half of all non-cash payments are made in Germany as a transfer. A transfer is the contract between a customer and his bank to his account a certain amount of money attributable to the account of the payee to transfer. The bank debits the amount from the amount from the account of the originator and writes him the account of the beneficiaries be good if he also Customer of this bank, or forwards it to the bank of the beneficiary.

standing order:
The standing order is a special form of the transfer. Through a standing order, you give, as the name suggests the bank to transfer an amount always run at a regular meeting. If one has to pay every month so a bill for the same amount, such as rent or the costs of membership, it is recommended to use this type on transfer. The advantage here is that the debtor not observed, no date (for example, just because he is on vacation) and the creditor can rely on his money regularly to received. The job keeps running until it is cleared at the bank.

Overview
first transfer and standing order
second debit
third Electronic payments
4th card payment