We want to make it as easy as possible for you to pay your rent. With this in mind, we’re pleased to offer our tenants the option of paying the rent for their home by Standing Order.
A Standing Order works similarly to a Direct Debit. The main difference is that, unlike a Direct Debit, you have to tell the bank how much you want to pay and when the payments will be made. Should you decide to end your tenancy, move home or if there were any changes to how much you have to pay, you would need to cancel or amend the Standing Order yourself with your bank.
You can set up a Standing Order directly with your bank and this can usually be done online. Check with your bank for more information. You will need to send your rent payments to:
City of Wolverhampton Council
Account number 44470304
Sort code 56-00-69
When setting up your Standing Order, you will be asked for a reference. For your reference, you will need to put the payment reference number for your rent account. If you do not do this, your payments will not be credited against your account and you risk falling into rent arrears.
Remember, you must pay your rent in advance and on time. To work out what you need to pay monthly, simply times your weekly rent by 52 weeks and divide it by 12 months.
For example, if your weekly rent was £100, you would work it out as follows:
100 x 52 = 5200
5200/12 = 433.33
This means that in this instance, you would have to set up your Standing Order for £433.33 per month, paid at the beginning of the month.
Please note that garage rents will still need to be paid by Direct Debit.
- Last Updated: Monday, 20 April 2020 17:25
- Published: Monday, 20 April 2020 16:25