Payroll Payment Account

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Interest-earning savings account maintained by organizations to pay their employees’ payroll payments

Account Features

  • Organizations can credit their account maintained within the Bank or send cash every month
  • No standard initial deposit for account opening

Account Benefits

  • Upload salary payments via the Bank’s Hiber online service for free
  • Can set standing instructions and schedule automatic payments via the Bank’s Hiber online service for free
  • Free of service charge to process payments for employees

Entitlement 

  • Individual staff member of organizations