Capitec Salary Transfers provide staff payment solutions that enable organisations to save on their monthly salary payments.
It’s essentially a staff payment solution that is designed to save you money.
Established in 2001, Capitec Bank has grown to become one of the most popular banking institutions in South Africa, with more than 7 million clients. With an array of products and services such as transactional services, credit solutions and savings options, the bank has also introduced a number of innovative banking solutions to the market. One such solution is the Capitec Salary Transfers service.
Here’s How Capitec Salary Transfers Work
As a business owner, you can open a Capitec Bank account so you can deposit money for your salary payments.
Using the service allows for secure salary payments. All you have to do is sign in using your username, password and token password. This process is more secure than SMS passwords as they can’t be intercepted.
Easy to use, Capitec also offers free onsite training to business owners looking to benefit from the services.
The service is free for 300 employees and there is no monthly subscription. The only other costs are your transaction fees.
Using the service can result in savings of up to R 26 040 per year and lets you earn 5.35% interest per year- giving you an opportunity to earn higher interest.
With Extra Security, the Service is Secure, as you are in Control of Every Aspect of a Transaction.
Using Capitec Salary Transfers allows you to save time. Paying the salaries of employees is no hassle and can be done easily and efficiently using the service. You don’t have to worry about complex processes. Capitec Salary Transfers facilitates simple payments without multitudes of paperwork or lengthy waiting periods.
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