Business Payroll Services via GIRO Payment Service
Giro Payment Service assists you in making bulk interbank payments for purpose of payroll, claims, bonuses, etc. by debiting your company account with OCBC and crediting your employee or creditors' accounts maintained with the participating banks of MEPS IBG.
Benefits
Multiple Interbank payments with one single instruction feature offers your company the convenience of making bulk Interbank GIRO payments without hassle or additional work by your company. Just download the payment file from your accounting or HR software and send the payment instruction to OCBC Bank.
Employee payroll accounts can be maintain at their preferred bank and not limited to OCBC bank. If they have accounts with banks other than OCBC, Giro Payment Service offers the convenience to credit payments to these accounts without compelling the employees to open an account with OCBC.
No complex or tedious application processes is required to start using this service. For submission to branch via a diskette, all your company need to do is to fill up the transaction form.
Reduce Administration Costs as you outsource the tedious administrative tasks to OCBC and thus reducing your non-core activities. This will help you achieve cost savings. For example, your payroll unit no longer have to issue referral letters for account opening for new recruitments.
If you have any queries regarding the our products or services, get in touch with our friendly customer service officers at:
Tel No.: 1300 88 7000, or Email us at bbcsc@ocbc.com
