Riyad Bank offers Corporate Banking Customers – Corporate and Government Institutions alike, Payroll solutions, as a part of its portfolio of Payment services, enabling them to deposit the salaries of their employees directly into the Employees’ accounts, with the flexibility to make local or cross-border salary disbursements. Payroll Solution helps your company achieve significant cost reductions through eliminating paperwork and reducing the administrative work involved when paying your employees manually.
Features:
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Payroll Generator to prepare and validate the Payroll files in an effortless fashion
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Process the payments electronically - timely and securely
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Auto reconciliation and no need for paperwork
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Direct credit to the employee account – in Riyad Bank or other Banks in the Kingdom
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Reduces the administration involved in printing checks and reports
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Reduces costly and time consuming reconciliation activities and provides detailed monthly reports
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Provides high level of control and security
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Saving employees time in visiting their banking branch to cash payroll checks
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Report for the Customer containing the statuses of the Payments
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Better control on the accounts from which the Employee salaries are debited thru ROLC
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Paying out the salaries of the low wage earning labors, electronically by using MyPay Prepaid product
- Employees are eligible for other benefits like:
- Free credit card for the first year
- Very competitive consumer loans
- Free RiyadOnline access
- Riyad Bank mada cards free of charge
- Riyad Bank mada cards accepted locally and internationally
