Remuneration Handling Services


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Remuneration Handling Services

Teba Bank has provided a payroll function since 1988 at the gold and platinum mines. Our experience in this very demanding high volume cash-based business can be of benefit to other employers who wish to outsource the paymaster function.

The advantages for the employer are:
  • No cash risk and associated insurance costs
  • Time window between downloading of payroll data and access by employees is as little as three hours
  • Cost effective alternative to pay-packet systems operated by security companies
  • Flexible and convenient operating hours can be negotiated
  • Unique distribution network
The advantages to the employee are:
  • Savings account based, therefore withdrawal of funds is at the discretion of employees
  • Option of savings book or ATM card or both
  • Face to face assistance for novice banking customers or illiterate employees
  • Uniquely structured employer packages to benefit employees






News

New pricing effective 1 August 2010.

Click here for Pricing Guide

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