Standing Instructions

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
To set up a standing instruction to repay a loan, see standing instructions for loan repayment.
Last modified 2yr ago