BUSINESS  Disbursements

 

UPLOAD PRO

China Bank Savings Upload Pro is a delivery mechanism that enables your company to electronically deliver your file instructions, such as payroll, auto credit and auto debit instructions to your designated China Bank Savings relationship manager. Using the power of the Internet, instructions such as crediting of commissions, salaries, wages, bonuses, reimbursements, as well as debiting of payments, dues, and charges can now be done through your company computers. Credit and debit postings are done on the same day, ensuring the timely and accurate movement of funds when needed.  

 

 

Features

          •The system has the facility to accept special credits (e.g. commissions, special bonuses) 

          •Electronic auto-credit system 

          •One-time debit from your company’s account 

          •Same day posting of debit and credit transactions

 

Benefits

          •Faster and more efficient delivery of bank instructions and files 

          •Hands-free transfer of funds both on your company’s side and the Bank 

          •Manual preparation of Letter of Authority to Debit/Transfer Funds is eliminated 

          •Greater security as accounts involved are within the company

 

THIRD-PARTY PAYMENT ARRANGEMENT VIA CHINA BANK SAVINGS ONLINE

China Bank Savings offers a Third-Party Payment Arrangement system which allows your company to electronically credit third-party accounts maintained with China Bank Savings or any BancNet member bank covering payments for goods purchased.

 

Features

          •Ensures that both debits from your account and the corresponding credits to third party accounts are successfully posted. 

          •Displays a message at the end of the transmission process whether posting is successful or not (due to insufficiency of balance, account closed, etc.) 

          •Has built-in control features on access level and handling of transaction transmitted. Each access level has a separate menu screen containing only options available to that level. 

          •Tagging of both your account and your supplier’s account is done upon enrollment in China Bank Savings Online. This restricts the transactions to only debits of your account and credits to your third-party enrolled account.

 

Benefits

          •No need for manual preparation of checks covering supplier payments and distribution of check payments. 

          •No need for you to route forms for signature and verification. Through China Bank Savings Online, it only takes a push of a button to facilitate payment approval, validation and transmission inquiries. 

          •Payment for goods purchased &/or services availed can be made without having to leave the comfort of your office or having to send someone to make prompt payments to your vendors or suppliers. 

          •If your third-party payees are enrolled with China Bank Savings’ Corporate e-Banking system, they wont even have to send messengers to pick-up their checks.

 

 PAYROLL SERVICES

China Bank Savings’ Payroll Services is an automated credit system designed for fast and efficient payroll crediting. Through our Payroll Services, you can electronically debit your company account and credit your employees’ payroll accounts maintained in China Bank Savings. Credits representing commissions, salaries, bonuses, cash advances, cash dividends, reimbursement and the like can be easily, efficiently and securely done through your company’s computer.

 

 

Features

          •Electronic auto-credit system 

          •One-time debit from your company’s account 

          •Same day posting of debit and credit transactions 

          •The system has the facility to accept special credits (e.g. commissions)

 

Benefits

          •Manual stuffing of cash in an envelope is eliminated, reducing administrative cost. 

          •Automated posting of debit and credit transactions resulting in faster and more efficient processing. 

          •Payroll accounts may be used to pay regular bills due to utility companies, credit cards, insurance companies and more. 

          •China Bank Savings ATM cards may be used in any ATM of China Bank Savings or any other BancNet member banks.