What is a payroll project?

A payroll project is a banking service under which the bank, on behalf of and at the expense of the company, transfers wages and other payments (sick leave, vacation pay, etc.) to the employee's plastic card.

Both a legal entity and an individual entrepreneur can become a participant in the payroll project. The service reduces the workload on the accountant, eliminates unnecessary paperwork, as well as the risks and costs associated with transporting, storing, and dispensing cash. For employees, the payroll project ensures payment confidentiality, the ability to withdraw cash at a convenient time using a payroll card, open a payroll savings account with a higher interest rate, and enjoy other privileges.