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Standing Instructions

Standing Instructions

Owned by Laurie Wilmot (Unlicensed)
Last updated: Mar 15, 2019 by Massabe LydianeVersion comment

About Standing Instructions

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.


To set up a standing instruction to repay a loan, see standing instructions for loan repayment.

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