As per the title, can the option to setup a standing order to repeat until an amount of payments have been made?
Do you mean for example.
You lend me £500 and we agree I pay it back in £50 p/m.
I pop into Monzo and organise a standing order for £50 p/m to go to you but set a total value of £500 after which it ceases or at the very least notifies you to delete it?
Is this what you mean?
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You can do that already with a bit of basic maths.
I want to pay £500 in 10 months. I just set up a standing over of £50 per month which you set to end when the last payment is due in 10 months time.
I’m not quite sure what else is needed?
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Understandably you can it based off a date but surely it would be good to do it based of an amount of payments too?
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I think it’s fairly typical for banks to provide an option to setup standing orders for a certain number of payments (as an alternative to specifying an end date), at least it is with the other banks I use.
It just makes things slightly easier for those who want to setup a standing order this way and removes potential for incorrect calculation.
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