What happens if a standing order payment is missed ?
I normally pay €50/week to my credit union by standing order. But this week the money wasn't there.. Will they still take it next week or does it cancel the thing completely because I missed one ?
I don't want it canceled or anything.. I just didn't have the money in my account this week.
It it's a direct debit, contact the CU and they will probably represent it.
With a standing order, you tell the bank to pay out the amount. If they did not do so, I presume that they won't do it again. So you can make the payment manually.