As a reward to loyal students who train at our gym we offer reduced training costs if they set up a Standing Order. We offer this because its cheaper for the student, easier for the student and helps us avoid costly bank charges when we pay cash into our account. It allows us to budget. Not to mention the time saved for the instructors who have to get the money to the bank before certain deadlines.
Standing orders can only be viable for our students if they remain in tact, cancelling them when you go on holiday for example is not acceptable - the gym still needs its bills paying in your absence. If you want to work out if a Standing order is for you multiply the amount of classes you attend each week by the price of your class. If the amount is more than the standing order price then its for you.
Don't get confused with a direct debit! We still want you to remain in control so to put your mind at rest :-
A standing order is an instruction a bank account holder gives to his or her bank to pay a set amount at regular intervals to another's account. A standing order is NOT contractual.
A direct debit is a financial transaction in which one person withdraws funds from another person's bank account. A direct debit IS contractual and requires a direct debit mandate form to be completed.
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