Payroll accounts
We recommend to our customers to open a separate account
for your payroll payments In this case the total sum amount of your
payroll payments will be transferred from your main account to the
payroll account, from which the individual salary payments will
be initiated. This ensures that payroll related information can
only be tracked on this account. The statements of your payroll
account will be handled separately and posted directly to the person(s)
nominated by your company.
You can initiate payroll payments via Citibank's electronic
banking (EB) system, CitiDirect. We can provide separate access
to the payroll account on EB as well to ensure that only authorized
persons at your company can initiate payroll payments and access
account information.
Salary payments can also be initiated as group transfers.
This allows you to initiate salary payments in a more structured
format and to send payments to employees who do not have individual
but household accounts.
| Instructions can be initiated |
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Via Citidirect
electronic banking system |
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Via mail, fax, tested fax
or can be submitted in any of our branches |
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| Transaction fees and costs AND
Cut-off times |
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