Through its wide network of ATMs, KoopBank provides a salary payment service for the employees and pensioners of the following companies and public-sector organisations in accordance with agreements in place: the Ministry of Finance, municipalities, POE’s (Public Economic Enterprises) and the Social Security Inst. Through this service, KoopBank provides current accounts for those named by the above-mentioned companies and organisations and issues them with a Koop24 bank card, which allows the users to access their accounts. Users can also link their current account to their Optimum Credit Card and use it to withdraw funds.
Advantages of Salary Payments
- Allows employees and pensioners to be paid 24 hours a day, 7 days a week regardless of working hours or holidays, anywhere in Cyprus.
- Employees can take advantage of the loan system our bank provides.
- It saves time and offers protection against the risk of theft and wrong payment that might result in having to pay cash or cheques in hand or the obligation of to keep large amounts of cash on the firm's premises.
- Visit your nearest branch if you would like to enjoy KoopBank assurance for your salary payment needs.
Specially for Corporations
KoopBank acts as intermediary for public- and private-sector companies'/organisations' salary payments. Both companies and their employees benefit from the KoopBank system.
- Our salary payment system saves time for companies and boosts productivity.
- Salary payments can be made at weekends and during holidays.
- There are fewer accounting procedures.
- Companies avoid the risks of keeping cash on their premises.
- Salary payments are made confidentially.
- Our bank supplies all the necessary technical support.
How the Salary Payment System Works
- By Email: Preformatted salary payment files prepared by our bank are delivered by the firm to a designated email address.
- By FTP file transfer: Preformatted salary payment files prepared by our bank are delivered by the firm to the bank’s main computer via FTP.
- By Disc: Companies can supply the relevant information via a salary payment disc provided by our bank and hand in the disc at one of our branches.
Koopbank Salary Payment Programme
The KoopBank Salary Payment Programme is a cash management product that allows you to make salary payments with just one click…