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Salary Project

“PRAVEX BANK” JSC belongs to the list of authorized banks entitled to service payment of salaries to employees of State-financed organizations, as well as of pensions and social benefits.

Benefits for enterprises

saving of time and simplification of procedure of payment of salary (advanced payments /travelling allowance). Only one payment – and salary is automatically credited to all employees of enterprise;
considerable reduction of costsfor equipment of cash desks offices, payment for labor of joint tellers and accountants, ordering cash funds in the bank, transportation to office, security, custody and payment of money to employees;
simultaneous crediting of salary to all employees of the enterprise (throughout the entire territory of Ukraine) from a central office of the enterprise;
the shortest period of receipt of funds to the card accounts of employees;
in order to implement the project it is not necessary to have a settlement account in our bank;
full confidentiality of established rates of remuneration and of bonuses paid;
flexible rate setting policy;
absence of necessity in depositing salary;
possibility of installing ATMs within the company’s premises as well as conducting its maintenance and encashment.

Benefits for employees of enterprise

money works every day! On card account balance the bank accrues and pays interest at the end of every month;
receiving cash fundsON A 24-HOURS BASIS from ATMs of “PRAVEX BANK” JSC, and ATMs of “Atmosfera” ATM network all over Ukraine in a place convenient for client as well as in any of branches of the Bank;
free of charge cash withdrawal in ATMs of Intesa Sanpaolo Group;
individual choice of cards issued within the scope of salary and payroll card project: Visa Classic Pay Wave, Visa/Mastecard Platinum;
the possibility to issue of additional cards for family members and authorized people;
possibility to conduct non-cash payments for goods and services both in the territory of Ukraine and abroad;
cash depositing to the card account by a third person.
security of salary funds of employees from possible losses and thefts (in case of loss or theft of the card the funds available thereon would be blocked upon a telephone call from a cardholder at any time of day or night);
24 hours access to information on card account balance;
possibility to receive up-to-date information on the state of your account with the help of a mobile phone (“SMS-banking” service);
free of charge receipt of monthly statement of account with detailed breakdown of all transactions under the card;
carrying out instant transfers of funds between the payment cards of “PRAVEX BANK” JSC via ATM;
possibility of secure use of funds both in Ukraine and abroad.

Mechanism of cooperation

non-resident company and the bank conclude respective agreement (download ENG_UKR_Agreement_Salary_Payment.pdf);
non-resident company provides a schedule of employees, resident individuals, for whom the bank opens accounts “PRAVEX-RECORD for payment of salaries in foreign currency” denominated in required currency (USD/EUR);
or the employees address the bank on their own with a view of opening such accounts. A ground for opening account shall be an agreement (contract) of individual on cooperation with the company in question, with which the salary and payroll card project agreement is signed, or a sailor’s identity document;
on the day of payment of salary the organization credits the amount of salary in determined currency (USD/EUR) to the Bank’s transit account and provides a schedule of current accounts of employees with indication of amounts to be credited;

The Bank transfers salary to opened current accounts of the organization’s employees “PRAVEX-RECORD for payment of salaries in foreign currency” in required currency (USD/EUR).

Benefits for enterprise

time saving and simplification of procedure of payment of salary. One payment – and salary is credited to all employees of the enterprise;
simultaneous crediting of salary to all employees (throughout the entire territory of Ukraine) from a central office of the enterprise in the currency of payment of salary;
in order to implement the project it is not necessary to have a settlement account in our Bank;
full confidentiality of established rates of remuneration and of bonuses paid;
flexible rate setting policy.

Benefits for the employees of enterprise

Free of charge opening of current account in USD and/or EUR;
Free of charge withdrawal of cash in USD or EUR from the account;
0.6% commission fee at the time of crediting of funds to the account;
Weekly accrual of interest on the account balance funds;
Issuing of a banking power of attorney to the current account on the name of husband / wife (close relative).

How an individual can use “Salary in foreign currency” programme:

Visit the Bank’s branch;
Provide a passport of citizen of Ukraine, individual taxpayer number, sailor’s identity document (if available) and / or a contract with non-resident company;
Following the opening of account “PRAVEX-RECORD for payment of salaries in foreign currency” denominated in required currency (USD/EUR), provide the number of such account to the company employing you for further performance of payments of salary.