---
title: Setting up a standing order for your ANote Music account
description: Learn how to set up a standing order with your bank to add funds to your ANote Music account on a recurring basis, and what you'll need to get started.
---

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# Setting up a standing order for your ANote Music account

A standing order is an instruction you set up directly with your own bank to send a fixed or chosen amount to another account on a recurring basis, for example, monthly or weekly. Unlike a one-off wire transfer, which you have to log in and repeat manually each time, a standing order runs automatically once it's set up. You don't need to do anything further until you want to change or cancel it.

This guide offers you another way to add funds to your ANote Music account, alongside the payment methods described in[Adding funds to your account](https://support.anotemusic.com/adding-funds-to-your-account?hsLang=en). This gives you the option to fund your account on a recurring schedule without having to submit a new transfer every time.

### **Availability**

Standing orders are set up using your ANote Music account's personalised IBAN (starting by LU). This option currently works only if your bank allows alphanumeric IBANs (IBANs that include letters, not just numbers). Some banks don't yet support this.

Requirements:

- To see and use your personalised LU IBAN, you'll need to complete identity verification first. Without it, you'll see a general IBAN instead, which isn't suitable for a standing order
- Your account must be enrolled in[SCA (Strong Customer Authentication)](https://support.anotemusic.com/what-is-strong-customer-authentication?hsLang=en) before you can add funds using any payment method, including a standing order

If you're based outside the EU, please note that standing orders may not be available to you directly. Have a look at[Having a non-euro currency bank account](https://support.anotemusic.com/having-a-non-euro-currency-bank-account?hsLang=en) for alternative options to send recurring payments to your ANote Music account.

### **What you need**

To set up a standing order, you'll need your ANote Music account's personalised bank details to set up the recipient:

- **IBAN**: your personal ANote Music wallet IBAN
- **BIC**: MAGYLUL1
- **Recipient name**: your own name, as it appears on your ANote Music account
- **Provider**: Mangopay S.A.

You can find these details by going to **Add funds \> Wire transfer**, choosing an amount, and clicking **"Show guide."**

**![](https://support.anotemusic.com/hs-fs/hubfs/undefined-1.png?width=679&height=674&name=undefined-1.png)**

### **Where to set it up**

A standing order is set up through your own bank, either in your online banking portal or app, or in person or by phone with your bank. It isn't something you configure on the ANote Music platform. ANote Music simply receives the funds once your bank processes the payment.

The exact steps vary by bank, but you'll generally:

- Go to the **Transfers** or **Payments** section of your online banking
- Look for **Standing orders**. Some banks list this under **Recurring payments** instead
- Select **Create a standing order** (or similar)
- Enter the recipient's details (name, IBAN, BIC). This is the information you'll find in the wire transfer guide in your ANote Music account
- Choose the amount, frequency, and start date
- Confirm and save

Every bank's screens look a little different, but the form generally asks for the same core details: the recipient's name and IBAN, the amount, how often the payment should repeat, and a start date (with an optional end date if you want it to stop automatically).

### **Amount and frequency**

You choose the amount and how often the standing order runs when you set it up with your bank. There's no minimum amount set by ANote Music for standing orders.

### **Pausing, changing, or cancelling**

Because the standing order is managed by your bank, any changes, whether that's pausing it, changing the amount or frequency, or cancelling it altogether, are made directly through your bank, not through ANote Music.

### **Processing time**

Since a standing order is processed as a regular bank transfer, processing times are similar to a standard wire transfer. See[How to add funds through bank wire transfer](https://support.anotemusic.com/how-to-add-funds-through-wire-transfer?hsLang=en) for current timing.

If you still have questions about setting up a standing order, please contact us at support@anotemusic.com directly.

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Disclaimer

ANote Music is a marketplace for buying and selling royalty interests and/or intellectual property rights and, as such, it does not constitute activities of the financial sector in Luxembourg and therefore ANote Music is not subject to the Luxembourg financial sector regulator (Commission de Surveillance du Secteur Financier - CSSF).  Royalty interests are the contractual right to perceive future music royalty income that is generated by various types of intellectual property rights/copyrights. Neither music royalties nor royalty interests constitute “financial instruments” within the meaning of the MiFID (the Directive 2014/65/EU of 15 May 2014 on markets in financial instruments) and the LFS (the Law of financial services of 5 April 1993, as amended) which is implementing the MiFID in Luxembourg.  None of the price quotations, information, news and research accessible on the website and the marketplace or shared through any other communication channels by ANote Music or its Affiliates constitute advice, recommendations or solicitation to any person in any jurisdiction to buy, sell or invest in any asset, royalty interests, intellectual property rights. Any decision made by a person to participate in ANote Music marketplace’s activities should be made on the basis that such an activity complies with any applicable local laws and regulations to which the user is subject to. The user should not access the ANote Music marketplace if such an activity does not comply with any applicable local laws and regulations to which the user is subject to.   Keep in mind that purchasing royalty interests and/or intellectual property rights involves risk and you may lose the invested capital. The value of your royalty interests or intellectual property rights will fluctuate over time and you may gain or lose money. Past performance is not a guarantee of future returns, nor is it necessarily indicative of future performance. This disclaimer cannot disclose all of the risks and other significant aspects of dealing with royalty interests and intellectual property rights. You should satisfy yourself that you fully understand the conditions which apply to such assets, our services and the potential risk exposures. The images and pictures on the website and on ANote Music marketplace are merely illustrative and may contain data that are no longer updated or valid. Please always refer to the current pricing and valuation of royalty interests or intellectual property rights, as the case may be, in the relevant section on ANote Music marketplace.

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