Standing Orders

The most convenient way to automate your regular payments and savings. Set up once and let your finances manage themselves with precision and reliability.

Professional banking automation and recurring payments setup

What Are Standing Orders?

Standing orders are automated payment instructions that allow you to transfer a fixed amount of money from your bank account to your credit union accounts on a regular schedule. They're the perfect solution for recurring payments and building your savings without having to remember to make transfers manually.

At TACU Credit Union, we facilitate this process for our members, making it simple to set up standing orders for loan repayments, savings contributions, and other financial commitments. All you need to do is complete our standing order form once, and your finances will take care of themselves.

Standing orders help you maintain financial discipline by ensuring that important payments are never missed and that your savings goals stay on track, regardless of how busy life gets.

Benefits of Standing Orders

Discover how standing orders can transform your financial management and bring organization to your banking experience.

Consistency & Reliability

Ensure timely payments for recurring expenses without manual intervention, preventing missed payments.

Time-Efficient

Eliminate the need to remember and initiate payments each month, saving time and reducing stress.

Automated Savings

Automatically transfer money to savings or investment accounts, helping you build wealth effortlessly.

Avoid Late Fees

With automated payments, you reduce the risk of missing due dates and avoid late payment penalties.

Better Budgeting

Plan your finances effectively by knowing exactly how much will be debited from your account regularly.

Full Control

Retain control over your standing orders with the flexibility to adjust amounts or cancel as needed.

How to Set Up a Standing Order

1

Complete the Standing Order Form

Visit our branch or download the standing order form from our website. Fill in your personal details and banking information.

2

Specify Payment Details

Indicate the amount, frequency, start date, and duration of your standing order. You can also specify which account the funds should be transferred to.

3

Submit to Your Bank

Take the completed form to your bank for processing. They will set up the automatic transfers according to your instructions.

4

Confirm Setup

Once your bank processes the form, the standing order will be active. You'll start seeing the transfers on your statement according to the schedule you specified.

Types of Payments You Can Automate

Loan Repayments

POPULAR

Regular payments towards your TACU loans

Monthly, Bi-weekly, or Weekly

Savings Contributions

POPULAR

Automated deposits to your share accounts

Any schedule you prefer

Fixed Deposit Funding

Regular contributions to build your fixed deposit

Monthly or Quarterly

Family Indemnity Plan Premiums

Insurance premium payments

Monthly

Bill Payments

POPULAR

Regular payments for utilities and other bills

Monthly or As needed

Frequently Asked Questions

Ready to Simplify Your Finances?

Take control of your financial future by setting up standing orders for your regular payments and savings today. Our team is ready to help you get started.

Have Questions? We're Here to Help

Our team is ready to answer your questions and guide you through the process of setting up standing orders for your accounts.

Phone

(868) 609-TACU (8228) | (868) 791-8855

Email

info@tatecoarimacu.com

Visit Us

27 Malabar Road, Arima