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| EBL Payroll Card |
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| 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 |
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Transfer salaries/reimbursements directly from your current account with EBL to your employees account. |
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Single-instruction salary credit: same day salary credits for companies having corporate account with EBL |
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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. |
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No cheque-cashing hassles |
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Waiver of account services fee |
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Credit Card: Free for first year. *subject to credit assessment |
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Preferential pricing on debit cards, credit cards, loan products and other complementary banking products and services. |
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Access to VISA ATMs anywhere in the country. |
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Shop and pay bills wherever Visa Debit Cards are accepted |
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Flexible credit criteria. |
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Simpler documentation and fast track loan processing |
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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 |
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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 |
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TIN Copy |
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Trade License Copy |
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Company’s Memorandum and Articles of Association |
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Business Card or any proof of Authorized Signatory’s designation |
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| b) Individual Requirement |
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Completed Application Form |
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Business Card |
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One Passport Size Photograph of the Applicant |
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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 |
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EBL Loads the fund from master account to individual cards account |
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Fund can be taken out from ATM or used at POS through card |
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EBL Loads the fund from master account to individual cards account |
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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 |
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Ensure transfer to card within one hour (unless otherwise there is any unavoidable circumstances) - After receipt of debit instruction ) |
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Confirmation SMS by Bank |
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Transaction Alert by bank - on demand |
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Annual expense summary statement to all members |
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Option of withdrawing fractional amount from card from branch |
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Travel Accident Insurance up to 100,000 @ premium - On demand |
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Chequebook facility to make payment (account payee only) to any person or organization (fee applicable)- on demand |
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Cash withdrawal facility across the country |
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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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