Through PSBank e-Credit, enjoy fast, secure and easy crediting of your employees' salary for FREE. PSBank e-Credit can be availed without the need to maintain an Average Daily Balance (ADB) for the payroll service, allowing you to use your funds for other business opportunities. This online crediting facility also lets you view your current funding account balance, giving you assurance that your account has sufficient funds before crediting the payroll.

PSBank e-Credit is convenient and easy to use. There is no need to install a software, you can securely access the site online. It eliminates extra steps in payroll processing therefore allowing you to save on time, manpower and resources.

This online facility allows anytime and any day crediting of your employees’ salaries even on weekends and holidays. It can help you better manage your employees’ information. The system is capable of saving and printing reports such as employee master file, required government reports in PDF format and employee payslips.

As an added benefit, you can choose between a PSBank Prepaid Mastercard and a PSBank Debit Mastercard for the ATM card to be used by your employees. Avail of PSBank e-Credit now! It is a safe and secure solution to your company’s crediting needs.



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 ten (10) calendar days from the credit date.
For Employer’s (Corporation/Partnership/Sole Proprietorship) Funding Account, you can choose from any of the following account types for your funding account:
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:

PSBank Prepaid Mastercard

No initial deposit and maintaining balance

PSBank Debit Mastercard Payroll ATM

No initial deposit and maintaining balance

ATM Savings

PhP2,000

Passbook Savings with ATM

PhP5,000

Premium Checking (Personal)

PhP25,000

 
  • 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:

    • 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.

    • 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.
  • For Corporations:
    • 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

  • For Partnerships:
    • 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

  • For 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.

For more information:


 

* Deposits are insured by PDIC up to PhP500,000 per depositor.



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