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What is a recurring payment?

Recurring payments are a type of payment that is usually repeated at a certain period - daily, weekly, monthly, or annually, to the same recipient and for the same amount each time. In general, they are scheduled bank transfers between you and someone else (also known as a standing order). Recurring payments are processed in a currency of your choice and can be sent to other iCard for Business users, as well as to other bank accounts.

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How do I set up a recurring payment?