Card Programs for Salary Payment

For more than five years, UniCredit Bank has been offering its clients one of the most convenient payroll card programs in the market, that enables companies to make regular salary and other payments to their employees through international bankcards. Based on the state-of-the-art time-saving technologies, the program is user-friendly and safe. Its efficiency and success are evidenced by the steady growth of users: at the moment, thousands of companies and tens of thousands of their employees enjoy making and getting salary payments through UniCredit Bank’s payroll card program. IT professionals and workflow technologists at UniCredit Bank constantly work on making the program even more perfect to meet ever growing clients’ requirements and latest trends in the banking industry.

 

How the Program works

 

Card Program Capabilities: Advantages for the Client Company

• Time-saving and cost-saving — non-cash form of salary payment reduces manual labor and administrative costs of the company, saves employee’s time. Employees get cash at ATMs and branches of the bank any time they want!
• Safe — high level of confidentiality, reduced risks and expenses associated with transportation and delivery of large amounts of cash.
• Profitable — reduced cost of delivery, storage and distribution of cash (the salary of cashiers, expenses for collection and securing).
• Simple and cost saving — UniCredit Bank provides its client with software and instructions for automated card-based salary payment processing and documenting. It’s free of charge.

In addition to salaries, the program is fit to process many other transfers the Client Company may need to make to employee’s accounts, such as: prepayments, refunds, bonuses, travel allowances and other business expenses.

The software package designed by UniCredit Bank provides automated processing of salary payment orders. The package also supports automated data exchange between the UniCredit Bank’s software and the Company’s accounting software program.

 

Technical and servicing capabilities

• Different employees of the same Company may have their accounts opened and maintained either at the same or at different UniCredit Bank’s branches. Once the account is opened with UniCredit Bank, the employee may have an operational access to his/her account at any UniCredit Bank’s branch.
• UniCredit Bank opens full checking accounts for employees of the Company in any currency they want: rubles, euros and dollars.
• Non-resident Companies can transfer salary from their foreign currency accounts with UniCredit Bank directly to employee’s bankcards issued on foreign currency.
• The «control sum» feature embedded in payment orders is highly instrumental for quick and faultless identification of conformity of the Company’s documents with processed salary files.
• UniCredit Bank has its own processing center to minimize cardholder’s costs and risks
• UniCredit Bank does not have any requirements as to minimal balances on the current and bankcard accounts. Accrued interest is credited to current and bankcard accounts on a quarterly basis at rates set by the Bank.

 

Card Program Capabilities: Advantages for the Company’s Employees

1. Employee becomes a full-fledged cardholder of Visa or MasterCard
which status gives him/her an opportunity, in Russia and worldwide:

• to pay with the bankcard for goods and services (hotels, tourist offices, restaurants, etc.)
• to get cash at round-the-clock ATMs (cashpoints) and bank branches
• to avoid inconveniences associated with customs declarations of exporting/importing cash in foreign currency
• (in case the card is lost) to secure the money by immediately blocking the card account: +7 (905) 956-36-36.

Specifically, UniCredit Bank’s cardholder has additional opportunities

• to pay bills of mobile phone operators (MTS, Beeline, Megaphone) and NTV+ cable TV through UniCredit Bank’s ATM network^*
• to participate in competitions and prize drawings carried out by UniCredit Bank together with international payment systems Visa International and MasterCard International
• to have additional bankcard issued to the same account, for example, for the relatives

2.Employee is in full, real-time control of all operations on his/her account

• “SMS.UniCredit” service (a separate contract have to be signed). In seconds upon accomplishment of any transaction involving debit of bankcard account (payment, cash withdrawal at ATM, etc.) an SMS-alert arrives to the cardholder’s mobile phone confirming the sum and time of the transaction as well as resulting available balance. The balance on the card account may also be checked in an interactive mode by cardholder sending to the bank a brief SMS-request; return SMS normally arrives in seconds, too.
• All ATMs of UniCredit Bank in Moscow and St.Petersburg are capable of delivering on cardholder request on-screen info as well as printed-out slips containing: available balance, details of up to five last movements on card account (mini statement of account), etc.
• Detailed (monthly) statements of bankcard accounts are printed at UniCredit Bank’s branches, carefully sealed in individual envelopes and dispatched to employees with an authorized representative of the Company. Statements of current accounts are prepared on the client’s demand and free-of-charge.
• “Phone.UniCredit” on-line information system. Access to the system is protected by special codes and passwords provided together with bankcards.
• For further information and consultation on UniCredit Bank’s services please do not hesitate to call our Telephone Service Centre (Call Centre) at (495) 258-72-00.

3. Employee becomes a full-fledged private client at UniCredit Bank
Every employee-member of the Card Program for Salary Payment becomes UniCredit Bank’s private client and can use all services offered by the bank to private persons, among which:

• Deposits
• Transactions with securities
• Trust management of funds
• Traveler’s checks
• Individual bank safe deposit boxes
• Car loans
• Standing orders processing
• Consumer credits
• Mortgage lending

If you are interested in the Card Program for Salary Payment, specialists of UniCredit Bank are ready to answer all your questions and give more detailed information on conditions of salary payment cards issuance and service.