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Payroll Proposition for Corporate Customers

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Features

Seylan Bank introducing a new proposition, ‘SEYLAN PAYROLL PROPOSITION’ offering benefits to Corporate customers that opt to use the Seylan payroll services and also special benefits for employees.  

Benefits for Employers
  • Benefits of Seylan Payroll Proposition for Employers
  1. 50% off for the service charges which are applicable on issuance of Bank statements / Pay roll transactions to be waived off. (One time only for 12 months)
  2. 50% off on first year annual fee for Safe deposit locker. (Subject to availability at branch)
  3. Free online banking and transaction alert service for the first year.
  4. Integrate the account transactions with ERP /Accounting system of the customers through – MT940 File.
  5. Special interest rates credit packages subject to business volumes
  6. Corporate credit card will be considered based on credit evaluation.
  • General Conditions
  1. The bank reserves the right to alter or cancel the benefits scheme/ category without prior notice.
  2. Benefits will accrue only if the Seylan Payroll proposition is signed up.
Benefits for Employees

Benefits for mployees if total income is routed to the bank through Seylan Income Saver Savings Account

  • Terms and Conditions
  • Loan amount (Personal Loan, Housing Loan, Credit Card) is determined subject to credit appraisal and credit policy of the Bank, this include clear CRIB, credit evaluation and income routed to the bank for more than 3 months.
  • Additional time will be taken for processing any loan with any deviation from the eligibility criteria.
  • The Travel Insurance on Seylan Visa Multi Currency Travel card is “Active” only if the customer inform the card center or the card holding branch with the remaining balance in the Travel card account of more than USD 300/- or equivalent.
  • The offer for Safety lockers is based on the availability at branches and a deposit will be kept as Security.
  • The minimum criteria to be eligible for “Seylan Sure” benefits; a minimum credit balance of LKR 20,000/- is required to be maintained in the “Income Saver Account” for a continuous period of 12 Calendar Months.
  • All loans will be pre-approved subject to credit evaluation and income routed for 3 months to the account.
  • Quarterly review will be carried out centrally to identify accounts that do not comply to the conditions of routing agreed income and re-classified accordingly.
  • The bank reserves the right to alter or cancel the benefits scheme/ category without prior notice.