Which item would be considered an advantage of a standing order?

A standing order is a financial arrangement whereby a set payment is made regularly from a bank account to another account. The correct choice highlights a significant benefit of using a standing order: payments are taken at regular intervals without the need for further action from the account holder once the order is set up.

This means that once the standing order is established, the designated amount is automatically processed on the agreed schedule (e.g., monthly, quarterly), allowing for convenient and consistent payment management. This feature is especially useful for recurring payments such as rent, subscriptions, or loan repayments, as it ensures that they are made on time without requiring reminders or ongoing manual authorizations.

The regular nature of these automated transactions helps in budgeting and financial planning, as the account holder does not have to worry about forgetting to make a payment, leading to fewer late fees or damaged credit ratings. Therefore, this characteristic of automatic execution without extra action embodies the advantage of a standing order.