Salary projects

Payment of salary by means of cards of “INDEXBANK” PJSC.

“INDEX-BANK” PJSC offers you a possibility to create an efficient mechanism of payment of salary using Visa Electron and Maestro international charge cards. At the request of the administration of an enterprise the Bank shall open open-end credit lines related to card accounts of the enterprise’s employees.

Enterprises whose employees use salary cards have the following advantages:

• there is no need to pay bank charges for the receipt and delivery of cash intended for the payment of both the salary and travel allowances and other social allowances;
• there is no need to employ cashiers and to ensure the security when paying the salary;
• the process of payment of the salary will be safer;
• the functions of the enterprise’s accounting department will be restricted because all concerns related to the payment of the salary and travel allowances and making other payments shall transfer to the bank;
• the accounting department’s functions related to the payment the salary and making other payments shall consist in the execution of payment documents to the total amount of payments to be made in favor of the employees and provision of the Bank’s division with a salary payment register;
• the enterprise need not have a current account with INDEX-BANK PJSC;
• a positive image of the management using modern methods of work and providing its employees with comfortable conditions is formed.

Employees of the enterprises using salary cards have the following advantages:

• a twenty-four-hour receipt of cash by means of a network of automatic teller machines and cash offices of banking institutions located both in the territory of Ukraine and abroad;
• non-cash payments for goods and services both in the territory of Ukraine and abroad for which no charges are levied;
• a possibility to use credit funds within a prefixed credit line enabling a card holder to receive a credit promptly in case of necessity without making an additional visit to the bank, execution of a credit contract and provision of a pledge;
• an additional income in the form of interest added monthly to the balance of the unused money on the card account;
• accumulation of funds on the card without any risk;
• a possibility to receive the salary, bonuses, dividends, travel allowances and other due amounts by means of a non-cash transfer or payment of cash to the Bank’s cash office. The card account may be replenished by an authorized representative;
• a possibility to execute additional cards for relatives and authorized representatives;
• a possibility of a safe transportation of funds both to Ukrainian cities and abroad;
• the salary is put on the card account irrespective of the location of the employee;
• receipt of SMS messages concerning the status of the card account on a cellular phone in connection with various services.

Crediting

“INDEXBANK” PJSC opens national currency open-end credit lines related to Visa Electron and Maestro charge cards issued within salary projects. The credit line shall be fixed on the basis of a card holder’s application within 300% of the actually paid average monthly salary of the enterprise’s employee.

The fact that the Bank recommends the customer to repay only 10% of the card account debt every month is a peculiarity of functioning of the INDEX BANK PJSC card account credit line. The card account credit line is opened for 1 year and the last settlement related to the credit debt is to be made on the last month of the credit line period of validity. In case of the card holder’s use of the fixed credit line and if cash or non-cash money is not put on the credit account the transferred salary shall automatically repay the card account debt.

The advantages of use of this bank product consists in the fact that the customer has a possibility to receive a credit promptly in case of need for money without making an additional visit to the bank, execution of a credit contract and provision of a pledge. A monthly payment for the credit at the rate of 2% shall be charged by the Bank for the actual days of use thereof. The card holder is entitled to use the credit facilities within the fixed credit line in outlets and stations of receiving cash by means of international charged cards chosen by him/her independently.

The enterprise has to do the following in order to execute employees’ card account credit lines:

• to make a salary project service contract;
• to submit a certificate of the enterprise’s employees with whom the administration of the enterprise recommends to make card account credit service contracts.

If the information set forth above is of interest to you qualified employees of our Bank will be glad to provide you with more details in the nearest division of the Bank.