Payroll services

RCB Payroll is a quick, efficient and secure solution for paying employees, allowing businesses to run payroll and manage accounts from anywhere.

Main advantages for companies
  • Free transfers to accounts held at RCB Bank and just 0,50 EUR per transfer to accounts held in other banks (SEPA payments);
  • Timely payments of salaries at a low cost;
  • Confidentiality in relation to salary accounts;
  • Convenience and easy execution of payroll;
  • Access to other banking products and services 24/7 through RCB Online Banking.
Advantages for employees
  • RCB Gold and RCB Classic packages provide access to a wide range of banking products and services, tailored to the needs of individual clients;
  • RCB Club privilege programme for RCB VISA cardholders allows to benefit from discounts at the establishments of RCB Club participating partners (hotels, restaurants, bars, boutiques, sports and spas across Cyprus);
  • 24/7 access to personal accounts using RCB Online Banking.
How it works
  • Bulk Payments option in RCB Online Banking allows to upload and submit XML files containing multiple payments, such as employee salaries;
  • The functionality supports the submission of payments to both RCB accounts and accounts held with other banks;
  • The advanced tools of RCB Online Banking allow flexible setup of multi-authorization options for salary payments based on company’s needs (e.g. depending on payment amount, type, etc);
  • Multiple security layers are used to encrypt accounts.