What is the name of a service where a bank makes regular payment on behalf…

Commerce WAEC 2010

What is the name of a service where a bank makes regular payment on behalf of its customers

  • Direct debit
  • Credit transfer
  • Standing order checkmark
  • Bank draft

The correct answer is: C

Explanation

Standing order; is an instruction to a bank by an account holder to make regular fixed payments to a particular person or organization.

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