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Realization of salary projects




SALARY CARDS OF THE BANK OF MOSOW IS A SAFE, RELIABLE AND EFFICIENT METHOD OF DISBURSAL AND RECEPTION OF MONEY.

The Bank of Moscow offers to organize for employees of your organization the issue of bank cards of international payment systems VISA International and MasterCard International – the most well-known and widespread cards in the world, thus providing for prompt cash-free crediting of your employees’ salary to their personal accounts.

The popularity of VISA and Eurocard/MasterCard salary cards is constantly growing thanks to high level of security of payment systems, as well as easiness of everyday use of the card, which is provided by highly efficient and reliable computer systems and professional servicing.

The Bank of Moscow offers the issue of bank cards both in Russian roubles and in US dollars and Euro.

Each employee will have an opportunity to open several bank cards, including cards of various payment systems (VISA International and/or MasterCard International) attached to one account.

New service for clients’ salary cards: card Visa Electron for cash-free travel fee payment, enabling to effect cash-free payment of travel on Moscow Metro.


THE PROCESS OF PAYOUT OF SALARY AND OTHER PAYMENTS BECOMES SUBSTANTIALLY EASIER WITH THE HELP OF SALARY CARDS OF THE BANK OF MOSCOW.

Payout of salaries and other payments using cards of the Bank of Moscow enables to reduce substantially administrative work.

You get the following advantages:
  • You eliminate expenses for servicing of cash stock, including those connected with transportation of large sums of cash;
  • You do not need to deposit salary;
  • You timely calculate and pay out salary to your employees;
  • You may convert funds into US dollars and Euro at an optimal rate;
  • You save working time of employees and guarantee high level of safety and control.

SALARY CARDS OF THE BANK OF MOSOW MEAN ADDITIONAL ADVANTAGES FOR YOUR COMPANY!

Transactions of cash withdrawal and cash-free payment for goods/services using bank cards of the Bank of Moscow may be effected in Russian and international network of cash terminals and trade terminals comprising hundred thousands of units worldwide.

Cash withdrawal from plastic cards of international payment systems VISA International and Mastercard International issued by the Bank of Moscow is effected free of charge in all cash terminals of the Bank of Moscow.

Salary cards VISA Electron and Maestro work in on-line mode. All transactions are fully authorized by the Bank of Moscow and therefore these cards are a reliable and safe product which can be offered to those clients who have not had any bank account before and it is impossible to anticipate the way they will spend their funds. It means that holders of VISA Electron and Maestro cards might spend large sums than those available on their accounts.

In this case employees of your organization, irrespective of the type of their cards, may effectuate credit in the form of overdraft on the account opened for accounting of transactions using the bank card in the amount of up to 50% of average sum of net earnings for the last 6 months. The repayment of the credit will be effected at the expense of revenues of future periods (salary and other payments for the following month).

Top managers, managers and other employees of your organization may obtain cards Eurocard/MasterCard (Standard, Business, Gold) and VISA (Classic, Business, Gold, Platinum). Their differential advantage as compared with Maestro and VISA Electron cards is the opportunity of wider application, namely: they can be used not only in electronic environment (cash terminals, electronic terminals), but also in those retail outlets and businesses offering goods/services where special mechanical units for card servicing are installed.

Accounting of revenues and writing-off, reception of statements of transactions with the information regarding the time, place and amount of spending excludes the risk of fund overdraft and enables to make budget thoroughly. Thanks to salary transfer directly to the bank account of a card holder, it is not necessary to have large sums of cash at hand, which reduces the risk of theft of loss thereof. Your employees receive salary on a predetermined day avoiding wasting time in queues.

The network of businesses offering goods/services which accept bank cards for payment comprises over 12 million businesses worldwide. When you buy goods using cards of the Bank of Moscow in Russian and foreign businesses offering goods/services, no commission is charged by the Bank.

SALARY CARDS OF THE BANK OF MOSCOW IS THE BEST WAY OF GETTING SALARY AND OTHER PAYMENTS!

An organisation that decides to make use of the Bank of Moscow salary card system should ask any branch of the Bank to draw up an Agreement on opening accounts for its employees for booking operations involving use of the bank cards (hereinafter — the salary agreement). Under the agreement, the organisation provides a list of its employees for whom accounts will be opened and serviced within the scope of the salary agreement and in accordance with the Rules for issue and use of bank payment cards of the Bank of Moscow, which is an appendix to "the Bank of Moscow Personal Comprehensive Service Contract Rules"

The organisation should also advise the Bank of the size of the salary fund and date of its receipt.

The Bank of Moscow opens a personal card for each employee and issues a VISA or Eurocard/MasterCard card in compliance with the salary agreement and the documents drawn up by the organisation’s employees.

Special training will help your employees to understand how to use the cards of the Bank of Moscow correctly. Should you be interested, representatives of the Bank of Moscow are ready to meet you and discuss all questions that interest you, conditions of the individual salary programme and provide more detailed information on the terms of the issue and servicing of plastic cards of the Bank of Moscow for employees and a cash terminal installation.

Typical documents

Rules for the provision and use of overdraft on the bank card of Bank of Moscow

 

Improve the system of salary payment and other payments to your employees by means to transition to the programme of issue of the Bank of Moscow salary cards!

  • Reception of salary and other payments transferred by the company to the card account at any convenient time, any place of the country of the world.
  • Confidentiality of accrual and payment of salary / amount of individual payments
  • Opportunity to receive a short-term loan (overdraft) on a salary card (employees of the company shall only pay for the actual amount of days of borrowed money use)
  • Opportunity to receive a consumer loan, a credit card and QUICKloan on preferential terms
  • Security: in the case of loss or theft the card may be blocked by a phone call of the holder
  • Payment for goods and services in thousands of businesses offering goods/services worldwide
  • The salary card account is a fully valid bank account
  • Opportunity to receive cash-free money transfers (in particular, from abroad)
  • Opportunity to provide relatives and family with access to funds on the main card by means of issue of additional cards. Required restrictions may be established.
  • Safety and convenience while travelling abroad (funds on the card account are not subject to declaring)
  • Convenience of payment for municipal services, as well as the opportunity to repay commission-free indebtedness on credit product of the Bank and pay for mobile connection, cable television, and the Internet.
  • Money transfer to accounts of individuals and legal entities opened in the Bank of Moscow or other credit and financial organizations (apart from transfers outside the Russian Federation)
  • Opportunity of remote management of the card account (SMS-banking, Internet-banking, Web-banking, Mobile-banking)
  • Control over expenditures: a statement submitted to a client reflects every card transaction (specifying the sum, time and place of performance thereof).
  • Opportunity to pay for travel on Moscow Metro by card Visa Electron for cash-free travel fee payment by preferential tariffs.
  • Round-the-clock client support service.

The salary project of the Bank of Moscow will optimize the work of your accounting and take care of your employees

Thanks to the salary project of the Bank of Moscow:

  • You will optimize your approaches to solution of managerial tasks;
  • The volume of cash operations will be reduced (the accountant’s activity will only be limited by preparation of one payment order and attachment of payroll statement thereto);
  • Expenses and risks related to storage, transportation and servicing of large cash sums are excluded;
  • You do not need to deposit salary uncalled by your employees;
  • Salary is calculated and paid timely and simultaneously to all employees irrespective of their location (holidays, business trip, regional branch)
  • You save working time of employees and guarantee high level of security and control;
  • The procedure of salary payment is simplified:
    • Confidentiality of payments and accruals is preserved
    • Additional mechanisms of incentives for employees (labour motivation) are realized at the expense of provision of credit limits for salary cards.
    • You may save expenditures for servicing of cash flow (reasonable use of cashiers’ labour, cash desk equipment, etc.)
  • There is an opportunity of a cash terminal installation in your office.

Save your time for accomplishment of more important tasks – the Bank of Moscow will take care about the rest


Printable version


Attention! Any documents submitted to the Bank must be completed in Russian.
The texts of documents/forms in Russian can be found on our Russian version website.