What is the difference between a Standing Order and a Direct Debit?

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Standing Order: Initiated and controlled by the customer. The customer instructs their bank to make regular, fixed payments to a recipient (e.g., a landlord or service provider) on specific dates.

Direct Debit: Initiated and controlled by the recipient (e.g., a company or organization). The customer gives permission for the recipient to take payments directly from their bank account, but the amount and payment dates can vary.

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