To get started with paying salaries to your business bank account, upon selecting 'Salaries' under 'Select payment category', click on the 'Pay business account' button.
Step 1: Add Your Bank Account
If this is the first time you are setting up salary payments to your business bank account, you will need to add your business details.
You will need to upload a copy of your business bank account showing the company name and bank account details for verification. You only need to do this once.
Once you have finished adding in your business bank account details, you can proceed to make the salary payment.
Please provide the latest CPF record and payroll system records with your Employee's Names and Salary details as supporting documents for the payment.
TIP: The 'Salary reference for your bank statement' is the reference that will show up on your business's bank account. Your note should include a reference that can easily be recognised of the payment origin.
Step 2: Schedule Your Payment
Schedule your payment based on the day you need to receive the salary payment for your own disbursement.
Step 3 - Pay
You are almost done! Review your payment and click Pay. Your card will then be charged and the receipt for the payment will be sent to your email.
After your payment has been deposited into your business bank account, you will receive a payment complete notification email with the payment advice.