Standing Order Fund Transfer

To access this page: On the Standing Orders menu, click Fund Transfer

The Fund Transfer Standing Order page is used to create a standing order for transferring funds from your account to a beneficiary account. The beneficiary account can be your own account or a third-party account, within the bank or in another bank.

See Standing Orders for fund transfers

Field/Button	Description
Standing Order Name	A name to identify the standing order
Source Account Number	The account number from which the transfer will be made
Amount	The amount to be transferred
Frequency	How often the transfer is done. Daily, weekly, monthly, or annually. Specify the day, date, month as applicable in the fields that appear.
Fund Transfer Type:
Own Account	Transfer to your own account within the company. When you select this option, the following field appears: Destination Account Number – The account number to which the funds are transferred
To another Seylan Bank Account	Transfer to a third party account within the company. When you select this option, the following fields appear: Beneficiary Account/Card Number – The beneficiary account or card number to which the transfer is being made. Beneficiary Name – The name of the beneficiary Remarks – A comment on the standing order if applicable
Other Banks	Transfer to your own account in another bank. When you select this option, the following fields appear: Payment Method – Beneficiary Account/Card Number – The beneficiary account or card number to which the transfer is being made. Beneficiary Bank Name – The name of the beneficiary bank Beneficiary Branch Name – The branch name of the beneficiary bank Beneficiary Name – The name of the beneficiary Remarks – A comment on the standing order if applicable
Remarks	Comments if any
Standing Order Confirmation
OTP Password	The one-time password generated by the security token given by the bank. (Requires entering only if the transaction exceeds the OTP limit in the system.)