Three Steps of EBL Payroll Package |
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EBL Executive Salary Account: |
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Employees having a salary of Taka 15,000/- and above are entitled to open this account. This is a regular interest bearing savings account where your employees will get debit card, cheque book and internet banking facility. In this package employees may avail EBL credit card with a full waiver of annual fees. Other benefits include waiver of account services fees; preferential interest rate on loan and waiver on internet banking subscription fees. |
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EBL Easy Account: |
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EBL Easy account is a debit card only interest bearing savings account for staff having a salary range between Taka 5000/- and Taka 15000/-. Like the payroll card this card can be used anywhere for purchases and withdraw cash. With this convenient payday solution your employees can avoid cheque-cashing hassles and the risk of carrying cash. |
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EBL VISA Payroll Card: |
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Visa Payroll card is basically a prepaid card to help pay your employees salaries without bank accounts. Through this card you can pay the staff who draw a salary below Taka 5000/-. It can be used as debit card and is accepted for purchases, pay bills or withdraw cash. With this convenient payday solution your employees can avoid cheque-cashing fees and the risk of carrying cash. |
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Benefits of the EBL Payroll Package: |
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Benefits to the Employer: |
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| Efficient Salary Disbursement | | | | Transfer salaries/reimbursements directly from your current account with EBL to your employees account. | | | | Single-instruction salary credit: same day salary credits for companies having corporate account with EBL | | | | Eliminate payroll costs and responsibilities. | |
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Dedicated relationship manager for each corporate to understand the financial requirements of your employees. |
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Benefits to the Employees: |
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| Simple account opening procedures with minimum documentation. | | | No cheque-cashing hassles | | | Waiver of account services fee | | | Credit Card: Free for first year. *subject to credit assessment | | | Preferential pricing on debit cards, credit cards, loan products and other complementary banking products and services. | | | Access to VISA ATMs anywhere in the country. | | | Shop and pay bills wherever Visa Debit Cards are accepted | | | Flexible credit criteria. | | | Simpler documentation and fast track loan processing | | | Special discounts at selected merchants. | |
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Validity |
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| 2 years |
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Issuance Fee |
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| BDT. 200 + VAT |
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Transaction Limit |
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| Daily cash withdrawal at ATMs: BDT 40,000; Daily POS transaction limit: BDT 100,000 |
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Daily Calendar Limit |
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| ATM – BDT. 40,000 & POS – BDT. 100,000 | | | POS-8 transactions and ATM- 6 Transactions per day |
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DOCUMENTS |
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a) Company Requirement |
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| Completed Application Form | | | TIN Copy | | | Trade License Copy | | | Company’s Memorandum and Articles of Association | | | Business Card or any proof of Authorized Signatory’s designation |
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b) Individual Requirement |
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| Completed Application Form | | | Business Card | | | One Passport Size Photograph of the Applicant | | | Office ID Copy |
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How the Process Works |
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| Company sends excel based payroll or salary payment instruction to EBL | | | EBL Loads the fund from master account to individual cards account | | | Fund can be taken out from ATM or used at POS through card | | | EBL Loads the fund from master account to individual cards account | | | Fund can be taken out from ATM or used at POS through card |
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Additional Features |
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| Zero balanced prepaid card without maintaining any bank account | | | Ensure transfer to card within one hour (unless otherwise there is any unavoidable circumstances) – After receipt of debit instruction ) | | | Confirmation SMS by Bank | | | Transaction Alert by bank – on demand | | | Annual expense summary statement to all members | | | Option of withdrawing fractional amount from card from branch | | | Travel Accident Insurance up to 100,000 @ premium – On demand | | | Chequebook facility to make payment (account payee only) to any person or organization (fee applicable)- on demand | | | Cash withdrawal facility across the country | | | In General withdrawal Limit: Min BDT 500, Max BDT 100,000. |
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THE SUPPORT YOU NEED TO IMPLEMENT THE EBL VISA Payroll Prepaid CARD PROGRAM |
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Visa is the world’s leading payment solutions organization and a major payment card provider in Bangladesh. Eastern Bank Ltd. is the first Payroll Prepaid Card issuing bank in Bangladesh. Please call 01911 342924 to arrange a presentation session with the EBL team who will guide you through the program implementation and management at your organization. |
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