EBL Payroll Banking
At Eastern Bank, We believe your employees deserve more than just a paycheck — they deserve a financial partner. Our Payroll Banking solutions are thoughtfully crafted to support both employers and their teams with convenient, secure, and rewarding financial services. From seamless salary transfers to exclusive account benefits, we help your people make the most of their money, every step of the way.
Payroll Suite
EBL Executive Suite
- Standard savings account with customized debit card and cheque book
- SMS alert (charges applicable as per agreement/SOC)
- Interest rate calculated on daily balance and payable quarterly
- Annual rate of interest as decided by ALCO
- Zero maintenance fee
EBL Visa / Master Payroll Card
- No bank account required
- Can be used at any Visa/Mastercard POS and ATM
- Ideal for companies with large workforces or high employee turnover
- Free cash withdrawals at EBL ATMs
- Optional life insurance coverage
EBL Islamic Payroll Suite
- Operates under the Mudarabah principle of Islamic Shariah
- Dual-currency Visa Islamic debit card facility
- Half-yearly profit payable on a daily balance basis
- No minimum deposit or balance required
- Free half-yearly e-statement facility
- Online charge-free (Cash deposit and withdrawal Country-wide)
Women Payroll Suite
“The country’s first comprehensive payroll
suite exclusively designed for women professionals”
EBL Women Payroll Suite comes up with following exclusive privileges and unique offers:
- Comprehensive suite for valued women professionals
- Customized dual-currency debit card
- Exclusive rates on savings and loans
- Dedicated customer help desk at every branch
- Exclusive lifestyle vouchers from top brands
Cards
EBL Executive Suite
EBL Islamic Payroll
EBL Women Payroll Suite
EBL Visa Payroll Card
EBL Titanium Credit Card
EBL Connect
24/7 web-based payment portal for processing company salaries and expenses, featuring:
- Bulk fund transfer capability
- Real-time fund transfers
- Account-to-account/payroll card transfers within the same instruction
- BEFTN and RTGS services available
- Maker, checker, and approver roles managed by the payroll company
- Fund transfer security via OTP
- Customizable reports available
- Positive pay instruction functionality
Benefits
Client under Payroll Proposition are eligible for following benefits:
- Preferential interest rates and processing fees on retail loans (Assure, Executive, Auto, and Home Loan)
- Waiver of the first credit card issuance fee (Silver, Gold, and Platinum cards)
- No minimum balance required for accounts or payroll card opening
- Dedicated Payroll Support team available for inquiries and complaints (Weekdays, 10:00 AM – 6:00 PM)
- Assigned Business Development Managers (BDM) and Relationship Managers (RM) to provide tailored financial and lifestyle solutions for your company
- Zero processing fees for salary and allowance disbursements
- Fast and secure salary and allowance disbursement through a trusted channel
- Most products are insured against unforeseen events, including loss of life
- 24/7 local and international contact center support
- Comprehensive digital banking with SMS alerts, EBL Connect and EBL Skybanking.
- Payroll Banking offers customized health packages in association with renowned insurance companies.
