PSBank e-Credit

 

PSBank e-Credit Account simplifies payroll processes. Clients can credit salaries faster & offer prepaid debit Cards to their employees.
 
With PSBank’s online service, you don’t have to worry about maintaining an average daily balance, managing employee information, or crediting salaries on time. Let us handle your payroll services, so you can focus on other important aspects of your business.

 

e-Credit is an online facility that will credit employees’ salaries faster.  It simplifies the process and makes it more convenient.

 

Please click here to view General Provisions on Deposits and Other Products and Services.

.................................................................................................

Benefits

  • More funding to grow your business. PSBank e-Credit can be availed even without maintaining an Average Daily Balance (ADB) for the payroll service. This allows you to use and optimize your funds for other uses. PSBank e-Credit also lets you view your funding account balance, giving you the assurance that your account has sufficient funds before crediting the payroll.
     

  • Reduced payroll processing time. It eliminates extra steps in payroll processing, allowing you to save on time, manpower and resources.
     

  • Convenient and easy to use. No need for software installation. You can access it anytime through a secure online facility.
     

  • Anytime, any day crediting. Your employees’ salaries can be directly credited to their accounts anytime, even on weekends and holidays through the PSBank e-Credit website.
     

  • Better management of employee data/information. This facility can save and print information such as the employee master file, required government reports in PDF format, and employee payslips.

As an added benefit, you have the following options for your employees’ ATM card:

  1. PSBank Prepaid MasterCard, a non-interest bearing card without any required initial deposit or maintaining balance. It can be used for remittances, online shopping, and dining/shopping at any MasterCard-affiliated establishment.
     

  2. PSBank Debit MasterCard, which is linked to an interest-bearing savings or checking account. It can be swiped when shopping/dining at any MasterCard-affiliated establishment.

.................................................................................................

Security and Control Features

  • Certified by VeriSign which makes it difficult for unauthorized people to view confidential information

  • A password is provided per user to ensure that only authorized personnel can access the system

  • Two approval levels to guarantee accuracy before crediting

  • Capacity to detect duplicate files

  • Recall of erroneous transactions within 24 hours after approval

.................................................................................................

For Employer’s (Corporation/Partnership/Sole Proprietorship) Funding Account

 

You can choose from any of the following account types for your funding account:

Account Type

Initial Deposit and
Maintaining Balance

Corporation and Partnership*

 

Regular Passbook Savings (Corporate)

PhP5,000

Regular Checking (Corporate)

PhP10,000

Premium Checking (Corporate)

PhP25,000

Sole Proprietorship**

ATM Savings

PhP2,000

Regular Passbook Savings

PhP5,000

Passbook Savings with ATM

PhP5,000

Regular Checking

PhP5,000

Premium Checking

 PhP25,000

* Valid for corporate accounts only.
** Applicable to personal or commercial account under the registered business name.

 

.................................................................................................

For Employee’s Payroll Account

 

You can choose from any of the following card/account types for your employees’ payroll account:

 

Card Type

Account Type

Initial Deposit and
Maintaining Balance

PSBank Prepaid MasterCard

 

none

PSBank Debit MasterCard

Payroll ATM 

none

 

ATM Savings 

PhP2,000

 

Passbook Savings with ATM

PhP5,000

 

Premium Checking (Personal)

PhP25,000

 

.................................................................................................

Application Requirements

 

Corporation

  • Two (2) valid IDs of the Corporate Secretary

  • SEC Registration Certificate

  • Articles of Incorporation

  • By-Laws

  • Notarized Secretary’s Certificate or Board Resolution designating the following:

    • PSBank as the depository bank

    • List of incumbent officers and board of directors

    • Directors and/or officers authorized to sign, endorse and negotiate checks in the name of the corporation, withdraw funds from and operate the account, and their specimen signatures

Partnership

  • Two (2) valid IDs of the managing partners

  • SEC Certificate of Registration with signed application

  • Articles of Partnership

  • Notarized Agreement or Certified Resolution designating the following:

    • PSBank as the depository bank

    • Partners authorized to sign, endorse or negotiate checks in the name of the partnership, withdraw funds from and operate the account, and their specimen signatures

Single Proprietorship

  • Two (2) valid IDs of the business owner

  • Original copy of unexpired DTI Certificate of Registration

  • If the spouse is designated as co-signatory:

    • Two (2) valid IDs of the spouse

    • Written authorization of the registered business owner allowing his/her spouse to act as co-signatory

  • Marriage contract

Notes:

  • Memorandum of Agreement is a requirement for all business types (Corporation, Partnership and Sole Proprietorship).

  • An updated list should be submitted to the Bank whenever there is a change of authorized signatories. 

Avail of PSBank e-Credit now! It is a safe and secure solution to your company’s online salary crediting requirements.

.................................................................................................

Contact Information
 

You may get in touch with us through our PSBank Customer Service anytime, any day; or visit any PSBank branch near you.

 

PSBank Online Log In Forgot Username / Password?
PSBank Online Customer Registration

 

Philippine Savings Bank is a proud member of
Member: PDIC.
Maximum Deposit Insurance
for Each Depositor: PhP500,000.
Copyright © 2014. Philippine Savings Bank. All rights reserved.