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Payroll Services
China Bank’s Payroll Services is an automated credit system designed for fast and efficient payroll crediting. Through our Payroll Services, you can electronically debit your company account and credit your employees’ payroll accounts maintained in China Bank. Credits representing commissions, salaries, bonuses, cash advances, cash dividends, reimbursement and the like can be easily, efficiently and securely done through your company’s computer.
Features
  • Electronic auto-credit system
  • One-time debit from your company’s account
  • Same day posting of debit and credit transactions
  • The system has the facility to accept special credits (e.g. commissions)
Benefits
  • Manual stuffing of cash in an envelope is eliminated, reducing administrative cost.
  • Automated posting of debit and credit transactions resulting in faster and more efficient processing.
  • Payroll accounts may be used to pay regular bills due to utility companies, credit cards, insurance companies and more.
  • China Bank ATM cards may be used in any ATM of China Bank or any other BancNet member banks.
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