Employer Salary Transfer Facility

Secure, cost-effective bulk payments.

The lowest transaction fees
Keep your existing banking arrangements
No monthly subscription, special software, call-out fee or hidden costs
Once-off security token fee of R125 during registration

Effortless paydays

Capitec Bank’s user-friendly Employer Salary Transfer Facility (ESTF) allows you to make cost-effective weekly or monthly bulk payments. You can also settle the payroll from any location because it is an Internet-based product, offering convenience like never before.

Free on-site training is provided and there is no need to change your current banking arrangements! Furthermore, any funds remaining in your account will accrue 6.25% interest per annum.

Secure payments

A security token is issued during registration for a small once-off fee. This token generates authorisation codes that are required whenever you access your account or make payments, eliminating the risk of this sensitive information being intercepted which may compromise your account security.

The token, together with your unique user identity and password, ensures that no-one else can access your account or make unauthorised payments.

Reduce overheads

With Capitec Bank’s secure ESTF, you can reduce your overheads immediately by reducing monthly transaction costs when making use of the most cost-effective bulk payment facility available.

At just R2 per transaction for salary transfers to employees without Capitec Bank accounts, the ESTF is more than affordable. However, if your employees bank with Capitec Bank, salary transfers will cost 75 cents per transaction which makes the ESTF a very compelling offer.

Cost savings

The following example is based on a company with 300 employees paid monthly, all of whom bank with Capitec Bank. See how easy it is to save over R16 000 annually on bank fees:



300 employees	Capitec Bank	Other bank		Saving
		Best	Worst

Monthly fee	FREE	164.00	300.00	164.00

Transaction fee	225.00	1 410.00	1 572.00	1 185.00

Monthly savings				1 349.00


300 employees paid monthly = annual saving of R16 188 300 employees paid weekly = annual saving of R63 588

Unbeatable transaction fees

Activation

Monthly subscription	FREE

Issue/Replace token	125.00


Salary transfers

Capitec Bank account	0.75

Other bank account	2.00


Interest rate

Interest per annum	6.25%