The salary project is an agreement between a company and Pivdenny Bank to pay salaries through payment cards.
Every employee in whose name Pivdenny Bank has issued a salary payment card automatically becomes, free of charge, a client of the bank with a current account. The account can be used not only to receive the salary, travel pay and financial assistance from the employer, but also for all other payments and transfers permitted by the current legislation of Ukraine.
Pivdenny Bank offers salary projects based on:
Credit cards for the organisation’s management (Gold class cards from VISA and Mastercard international payment networks)
Credit cards for middle management (VISA Classic, Mastercard Standard cards)
Debit cards for employees (VISA Unembossed, Mastercard Debit)
Advantages of a salary project in Pivdenny Bank
- Savings on fees – our rates are much lower than the fee for receiving funds directly from the bank's cash desk.
- Simplified and streamlined accounting – payment of salaries only requires capturing of salary-information and a payment for the total amount due to employees.
- All salary payments are done by the bank.
- A simplified salary payment process and payment scheme for employees.
- Costs to get cash in banks are reduced.
- No costs for cash collection and problems associated with exceeding cashier limits.
- Lower costs for cashiers, security, transportation and depositing of funds.
- Ability to lend to employees. In case of delays in the payment of salaries, employees can obtain a loan, which is automatically paid off when the salary is credited.
At any Pivdenny ATM, Pivdenny Bank cardholders can:
- Obtain a mini-statement for a card account.
- Transfer money to another card belonging to a client of Pivdenny Bank.
- Check the balance on their own card account.