BOA Payroll Account
This is a corporate salary processing current account that enables employers to conveniently transfer staff salaries.
Target Market:
- Employers
Benefits:
- Provide a comprehensive service to employees at low administrative costs
- Facilitates easy and cost efficient electronic salary processing and salary payments to all staff
- Free internal funds transfers to salary accounts maintained
- Grow the Bank’s non-interest income
Features:
- Payroll agreement to be signed between BOA and the company
- BOA-K to install software which remains the proprietary asset of the Bank
- Employee data to be loaded in software provided by BOA-K
- A charge of Kshs 100 per item for external funds transfer
- Employer avoids cost of cash in transit
- Our IT and relationship team will give you support at no extra charge when needed
Downloads