Payroll

Payroll

With CB Bank’s automated payroll service, you can make timely and easy salary payment to your employees. CB Bank can transfer salaries and wages to your employees’ accounts from your company’s account.

Features and Benefits
  • Effective payroll management
  • No longer need to pay salary with cash
  • Employees can withdraw their salaries easily at any ATMs with their debit cards
Rates and Fees (subject to change)

Service fee - 200 MMK for deposit per account (monthly)
Requirements
  • Both the company and employees need to have CB Bank accounts (if not, CB Bank can create new accounts for your employees)
  • Required to deposit enough money in the company's account to make monthly or regularly.
  • A company is required to make Standing Instruction to CB Bank.
  • Payroll file stating the amount and details of the beneficiaries