Standing instructions can be set up to automatically transfer funds from one account to another on a periodic basis. For example a standing instruction can be set up to:
transfer a loan repayment from a saving account to a loan account on the dates that the loan repayment is due
transfer funds from a current account to a saving account on a monthly basis
transfer funds from an account owned by one client to an account owned by a different client on a weekly basis
The from, or originating, account and the to, or destination, account must be in the same currency.