Payroll Solution

Payroll Solution

Riyad Bank offers Corporate Banking Customers – Corporates and Government Institutions alike, Payroll solutions, as a part of its portfolio of Payment services, enabling them to deposit the salaries of their employees directly into the Employees’ accounts, with the flexibility to make local or cross-border salary disbursements.

  • Payroll Generator to prepare and validate the Payroll files in an effortless fashion
  • Process the payments electronically - timely and securely
  • Auto reconciliation and no need for paperwork 
  • Direct credit to the employee account – in Riyad Bank or other Banks in the Kingdom

Please complete the form below and we’ll call you as soon as possible:

Existing or New Riyad Bank Client *
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Company / Establishment Name required
Company Identification required
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Company City required
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Requester Name required
Requester Mobile required Invalid mobile number e.g.: 966569876765
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Please complete the form below and we’ll call you as soon as possible:

Existing or New Riyad Bank Client *
Required existing or new client
Company / Establishment Name required
Company Identification required
Company Identification number required Invalid identification number
Turn over required
Company City required
Title is required
Requester Name required
Requester Mobile required Invalid mobile number e.g.: 966569876765
Refresh
Verification required Invalid verification code
 
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Our team will be glad to serve you from 9am till 4:30pm, Sunday through Thursday.

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Overview

Payroll Solution helps your company achieve significant cost reductions through eliminating paperwork and reducing the administrative work involved when paying your employees manually.

  • Reduces the administration involved in printing checks and reports
  • Reduces costly and time consuming reconciliation activities and provides detailed monthly reports
  • Provides high level of control and security
  • Saving employees time in visiting their banking branch to cash payroll checks
  • Report for the Customer containing the statuses of the Payments
  • Better control on the accounts from which the Employee salaries are debited thru ROLC
  • Paying out the salaries of the low wage earning labors, electronically by using MyPay Prepaid product
  • Employees are eligible for other benefits like:

    1. Free credit card for the first year
    2. Very competitive consumer loans
    3. Free RiyadOnline access
    4. Riyad Bank mada cards free of charge
    5. Riyad Bank mada cards accepted locally and internationally

Note: All Corporate and Business customers are eligible.