This is a disbursement service whereby the Bank debits the corporate client's deposit account and distributes the money to its employees payroll account representing salaries and/or wages for a given period.
There are three different payroll accounts that the client can use for its employees:
The ATM card that is issued to the employee's respective account shall depend upon the account opened per employee:
Opening of accounts, production of cards and release/distribution of these cards are done automatically.
Please refer to your Relationship Manager/Account Officer for other pertinent documents required.