Skimming order

Transfer orders are standing orders from a current account, which are not issued as usual for a specific amount, but can change in amount continuously. The order is usually placed once by the customer with the account-holding bank. Almost all credit institutions now offer a transfer order. At savings banks, this type of standing order is also known as a plus savings order.

functionality

As with a classic standing order, the customer agrees with the bank on the execution date, the execution interval and the sending and receiving account numbers . An amount agreement does not take place. Instead, it is agreed that the current account will be "skimmed off" on a certain date on a certain account balance, so for example all money is transferred that exceeds an amount of z. B. 300 €.

Maximum or minimum amounts can be specified as an additional agreement.

The execution of a permanent skimming order is also possible backwards, so that instead of emptying the account, the account is filled to a certain amount. This is usually only used by corporate and business customers.

advantages

• Flexible reaction to the current account balance and the economic circumstances of the customer without a separate order
• Interest rate advantage with skimming on savings book or time deposits
• Facilitation of corporate accounting through automated emptying or filling of incoming and outgoing accounts.

disadvantage

• Unforeseen charges immediately after the execution of the skimming order can lead to an overdraft.