Eliminate cost involved in cheques printing.
"EasyPay" Payroll Card
Benefits to any organization with any number of employees.
This payroll program is designed to provide benefits to any organization with any number of employees. The solution covers payroll requirements of companies across all industries, be it hospitals, construction, hospitality, services, factories, and any other industry within the Kingdom of Saudi Arabia.
“easypay” Payroll Card from the Saudi Investment Bank helps organizations reduce their payroll administrative efforts and expenses, it also addresses the financial services spectrum for blue collar workers covering salaries, purchase transactions, remittances etc.
For the employers, the comprehensive solution covers the end to end process from salary upload to dispensing cash and subsequent servicing of cardholders.
For the employees, the debit-like card empowers them to handle their cash in a safe and secure manner with multiple access options and peace of mind.
Cost-effective way to manage payroll
Eliminate cost involved in cheques printing and cost involved in payroll distributions and reconciliation.
Automated, effective and fast financial management through our Internet Banking
No more manual work.
The entire process is now automated to serve the employer in the most efficient manner.
Reduce paperwork
Environment friendly process.
No need for paperwork anymore. It is all online.
Compliant with the Wage Protection System (WPS)
“easypay” Payroll Card is compliant with the Wage Protection System (WPS) regulatory requirement.
“easypay” Payroll Card is compliant with the Wage Protection System (WPS) regulatory requirement that provides the service to employers to pay the salaries of their employees who do not hold a normal bank account.
Dedicated easypay Call Center to help you
Cardholders can contact easypay Call Center on 8001000101.
Cardholders can contact easypay Call Center on 8001000101 to inquire about their card account and any other related inquiry.
Cash cheques
No need to stand in long queues to cash cheques...
No need to stand in long queues to cash cheques. Saves you time, cost and effort to visit banks to cash cheques.
Free unlimited PoS purchase transactions
Free unlimited PoS purchase transactions from any merchant within the Kingdom...
Cardholders can now use their cards for any PoS transaction within The Kingdom with most comfort and ease.
Key Information
Cash withdrawal limit
5,000 per day
Cash withdrawal fee
Free
Boost employee productivity
Employees can now spend more productive hours at work instead of leaving during office hours to go and cash cheques or remit money to their home countries.
Fast and convenient transactions
Instead of spending extended time to process payments, employers can now complete the process in a very short period
Reduce risks involved with cash and cheque fraud
No more risks involved in any potential fraud that can arise during the cash/cheque payment process.
Easy and timely payroll
No need to visit branches or stand in long queues to withdraw cash from the counter or ATMs. You can now process payroll with a click of a button
Immediate credit of funds
No need to wait for salaries to be manually distributed.
Online access to view the card account and remittance feature to home country
You can access your card account online to view your account details and transfer money to your home country at competitive prices.
Free cash withdrawal from SAIB ATMs
Cardholders can now use their cards to withdraw cash from SAIB ATMs for free with most comfort and ease for their daily expenses.
Safer than carrying cash
Cardholders can avoid carrying large amounts of cash that can expose them to theft or robbery.
Flexx Transfer Service
Transfer money to an account or to be picked up as cash over the counter at your convenience via our E-banking channels such as online banking, SAIB ATMs and Phone Banking "Flexx Call". For more information, please click here.
- Employer must open a master account with SAIB or chooses to use any corporate account in case of existing SAIB client
- An agreement must be signed between the employer and SAIB for salary processing
- Employer must provide information about employees in an electronic format to SAIB
- SAIB performs the KYC (Know Your Customer) on the employees and issue the payroll cards to them
- Employer must transfers the salaries online through SAIB Corporate Internet Banking and SAIB uploads the salaries on payroll cards
- The WPS requirements are covered by SAIB throughout the process
- Signed and stamped payroll services agreement
- Corporate account with SAIB
- Corporate Internet Banking Agreement
- Commercial registration (or equivalent in the case of government bodies)
- Each nominee's identification card duly signed by the holder and stamped
- Fill-in and return the registration forms:
- Corporate registration forms
- Form for nominees/users that are authorized to approve the financial transactions
- Form for authorities and limits of the "financially authorized" persons
- Form for nominees/users that do not have financial authorities (makers, checkers and viewers, ...etc.)
To view the risks of Pre-Paid Cards , click here
FOR INQUIRES OR ASSISTANCE, PLEASE CONTACT US THROUGH OUR
Easypay is a payroll program compliant with the Wage Protection System (WPS) regulatory requirement that provides the service to employers to pay the salaries of their employees who do not hold a normal bank account.
It takes 5-7 business days from the date on which SAIB receives the required data.
3 years from the date of issuance.
The cash withdrawal limit for easypay card is 5,000 per day.
From the SAIB ATMs, withdrawal is free for all transactions. From other banks ATMs, a fee of SAR 2 will apply from the 5th transaction per month onwards.
From the SAIB ATMs, balance enquiry is free for all transactions. From other banks ATMs, a fee of SAR 0.8 will apply from the 5th transaction per month onwards.
Yes, the cardholder can use the card at any POS within the Kingdom of Saudi Arabia for free and without any limitation to the number of transactions.
No, easypay card is mada branded which can only be used within the Kingdom of Saudi Arabia
Employer will have to make the 100% salary credit for all the employees as per the WPS law.
No, employers can prepare a single file for both normal accountholders and easypay cardholders. SAIB will process them based on type of account automatically.
Employers may contact their relationship manager or easypay Call Center on 8001000101. Please note that the easypay Call Center will not process the salary transfer related issues or queries and will direct you to the easypay support team.
The turnaround time for payroll transfer will be as per the agreement. For example: if the funds made available at SAIB before 3:00 P.M, then the file will be processed on the same day.
Please, contact SAIB easypay Call Center on 8001000101 or the easypay support team. You can also contact your relationship manager.
Services offered by easypay Call Center:
- Issue a replacement card
- Issue a replacement PIN
Directly call easypay Call Center on 8001000101 to stop the card and issue a new card.
Please, contact easypay Call Center on 8001000101 to issue a new PIN.
Through our SAIB ATMs.