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Article
STANDING ORDER OPERATIONS IN THE BANKING INDUSTRY
Social Science Research Network (2012)
  • George E Ekeha
Abstract

Standing order operations by the bank is a system by which customers instruct the bank to make systematic payments on behalf of the customer to a third party. This arrangement must be control and managed by the customer. The customer must have the sole right to cancel this arrangement from his bank at any time he wishes. Unfortunately however, this is not the situation with some banks in Ghana. In this article we outline an experience of a customer of Ecobank regarding the operation of standing order.

Keywords
  • Sanding Orders,
  • Bank Payment System,
  • Banking Operaation,
  • Personal Finance
Publication Date
Summer September 18, 2012
Citation Information
George E Ekeha. "STANDING ORDER OPERATIONS IN THE BANKING INDUSTRY" Social Science Research Network (2012)
Available at: http://works.bepress.com/george_ekeha/12/