To facilitate the disbursement of salaries to various institutions and companies, SBYB has developed a payroll disbursement service using automated systems for recording and withdrawing salaries. This saves these institutions time and effort in disbursing salaries to their employees, while also providing them with numerous benefits that meet their diverse needs.
Service Features:
- Grant personal financing to employees of companies and institutions, subject to specific conditions.
- Disburse salaries in riyals or US dollars.
- Employees of institutions and companies receive free ATM cards, enabling them to withdraw cash from the bank's ATMs at any time, 24 hours a day.
- The ability to subscribe to the electronic wallet service (Shamil Money) for free, allowing employees to benefit from all the services offered by the application, including the ability to withdraw cash for salaries from more than 2,000 points affiliated with the exchange company network, in addition to benefiting from other services provided by the Shamil Money application (payment of various government and commercial telecommunications, internet, and electricity bills, payment of purchases, transfers between subscriber accounts, sending money transfers, and other services provided by the Shamil Money wallet).
Conditions and documents required to obtain the payroll disbursement service through the bank:
- Opening an account for the institution or company at SBYB.
- Submitting an official letter from the company or institution requesting the service.
- Concluding an agreement between SBYB and the company.
- Opening accounts for the institution or company's employees at SBYB.
