How do I set up a standing order?

You may require a card-reader and a card you can use with that reader to complete this process. However, if you are registered for biometrics you may require your mobile app

1. Log in to Online banking at www.onlinebanking.iombank.com (opens in a new window)
2. Select 'Payments & transfers' from the main menu.
3. Under Standing orders select the type of standing order you wish to create.
4. If you are paying someone new, enter the details of the company or person you are wanting to pay, including the name that will appear on your statement and a payment reference, then click 'Next'.
5. You will then be informed that the details entered either match, are a close match or don't match the person you are looking to pay. If they match you can choose to proceed by clicking 'Next'. If they don't match, you can go back and re-enter these details or if you are happy to continue, tick that you understand the risk and click 'Continue'.
6. If you are paying a saved payee or setting up a standing order to your own account, select the payee or account from the dropdown.
7. Select the account you want the standing order to take the funds from, the payment amount, dates and frequency.
8. Click 'Next' and you will see a screen confirming the details you have selected. 
9. Click 'Create standing order' to set up the new standing order. You may then be asked to authorise this payment using your card reader or mobile app. Follow the onscreen instructions and click 'Confirm'.
10. All done. That's your standing order now set up. You can now go back to review your standing orders or set up another payment.