PayPath is a service offered by Compu-Pay whereby salaries are paid directly into your employee's account in any of the Associated Banks or Building Societies.
PayPath · Entitle your employees to 18 months transaction free banking from their own Bank. Because this processing is automated, it is more accurate and less expensive.
Advantages to the Employer: - Improved cash flow due to same-day debiting and crediting.
- Reduced processing costs in man-hours.
- Lower bank charges
Benefits to the Employee: - Safer, no risk of pay packet being lost or stolen.
- Easy access to pay.
- Transaction free banking for 18 months.
- Access to a wide range of bank services.
PAYMENT BY CHEQUE-V-PAYMENT BY PAYPATH
Stamp duty on cheques (9c Transaction charge on account per cheque (36c/39c) Stationery/Printing Staff costs in preparation of cheques. Reconciliation of wages account Staff time lost in going to the Bank. By PayPath 5c per payment, minimum €3.17 per month Only 1 debit transaction on wages account |