§ 4-4. What a standing payment order must contain
Machine-translated from Norwegian. The Norwegian text is the one that applies. Read the original in Norwegian.Norsk English العربية Polski Українська
The text of the law (unofficial translation)
§ 4-4. Standing payment order
A standing payment order (fast betalingsoppdrag) shall clearly and unambiguously state
- the payee (betalingsmottaker)
- the account that may be debited
- the amount limit for the total debit
- the times or the time period to which the amount limit applies
- the payer's (betaler) consent to the payment transactions (betalingstransaksjoner) to be carried out in accordance with letters a to d.
What does this mean?
The section sets out content requirements for a standing payment order, meaning an instruction to the bank to make payments from the account. The order must state unambiguously who is to receive the money, which account is debited, the maximum total amount that can be withdrawn, and the period to which the limit applies. The payer's consent to the transactions must also be included in the order. The section sits alongside § 4-3 on direct debit (direktebelastning) authorisation, and § 4-2 establishes that a payment is only authorised when the payer has consented.