Payroll service

GE Money Bank offers you to conclude an agreement on transferring salaries of your employees to their current accounts in GE Money Bank. It will allow you to save time, money, as well as will provide different advantages and possibilities of GE Money Bank (hereinafter – Bank) to your employees.

Why is it advantageous to you?

• Considerable decrease of company’s accountancy work amount. In future an accountant will have to make just one transfer to the Bank for a total sum of salaries and send an employees’ list to the Bank. The Bank will transfer salaries to accounts of employees within two hours;
• Costs of encashment, cash delivery, commission for cash payment will decrease;
• Salary transfer to current accounts of employees in GE Money Bank is free;
• It is convenient to do salary transfer using remote services – Internet-bank GEonline or Customer-Bank;
• Particularly secure and stable bank as it belongs to the General Electric corporation, which has been assigned AAA credit rating.

Why is it advantageous to your employees?

• A possibility to open GE Money Bank current account without fee and receive a VISA payment card;
• Pay with VISA payment card and receive discounts and special offers in more than 290 outlets in Latvia;
• Pay bills in GE Money Bank ATM;
• Withdraw cash without commission from GE Money Bank, SEB banka, Citadele banka, Latvijas Krājbanka ATM;
• Receive overdraft to one’s current account in the amount of up to 100% of salary;
• Receive lower % rates processing a cash loan;
• A possibility to process a credit card VERTO without first year’ fee and receive insurance of purchase and 45 days credit holidays;
• Switching to the Internet-bank GEonline, monthly transfer of GE Money loan payments without commission;
• A possibility to apply for SMS Bank and receive SMS as soon as a salary is transferred to one’s account;
• A possibility to save time and entrust payment of bills to the Bank apply for regular payments and automatic payment of bills;
• Applying for VERTO credit card a salary reference from an employer is not required *,
• A possibility to receive Bank’s services.

* If a salary has been transferred to GE Money Bank for less than four months, the Bank reserves the right to require a reference or other documents if necessary.

How can you apply for the service?

In order to use a possibility of automatic transfer of employees’ salaries, you have to conclude an agreement in any GE Money Bank branch on transferring salaries to current accounts of your employees. When the agreement is concluded, in order to make salary transfer in future:

• You have to make only one payment in the total sum of salaries to the Bank. You can do it in a branch, Customer-Bank or Internet bank. Besides you don’t have to pay commission.

• You have to send an employees’ list to the Bank, in which a salary paid out to an employee is indicated. You can create this list yourself and make corrections at any time in the Customer-Bank system. You can also import the list from your accounting programme and send to the Bank using Customer-Bank, Internet bank or e-mail.

• The Bank will automatically perform salary transfers to your employees, besides you won’t have to pay commission for these transfers.

• Within two hours money will be freely available to your employees on their current accounts.

Use a possibility to save time and money entrusting transfer of your employees’ salaries to one of the safest and most stable banks – GE Money Bank!

You can receive additional information contacting Bank’s specialists by phone 1878 or in the nearest GE Money Bank branch.