Transferring salary for employees is a feature to facilitate bank transfers for employee payments. This feature allows employers to directly deposit salaries, bonuses, and other payments into employee bank accounts, rather than issuing paper checks or other forms of payment.

The Bank Transfer page in the greytHR Admin portal helps you to transfer salaries using employees’ or employer’s bank. The page displays a list of all the bank transfers for the current payroll month. This page categorizes the information into Bank Transfers, Void Transfers, Pending Employees, and Completed Employees tab. You can even download the bank transfer statement.

To view the Bank Transfer page, from the greytHR Admin portal, hover over the 9 dots and go to Payroll > Payout > Bank Transfer.

Create a new bank transfer

To create a new bank transfer, from the greytHR Admin portal, hover over the 9 dots and go to Payroll > Payout > Bank Transfer.

On the Bank Transfer page, click the Bank Transfers tab. A list of bank transfers to your employees appears. The page also displays the number of employees for whom bank transfer is still pending.
Click Create New Bank Transfer. A form appears.
Under Step 1: Transfer Type, select the By Employer Bank/By Employee Bank option as per your requirements.
From the Bank Template dropdown list, select the required option.
Click Next. Step 2: Select Employees form opens. A list of employees appears.
Using the Employee Filter dropdown list, customize the list of employees for whom bank transfers must be done.
Note: You can add a new filter using the + icon.
Click Next. Step 3: Options form opens. The details such as Entity Name, Ach User Name, Customer ID, and Entity bank Acc no auto-populate.
In the File Name Start text box, enter the file name.
In the File Extension text box, enter the format of the file.
Select the checkbox Make this Public - all other admin users will be able to view and download this file.
Click Finish. A preview of the bank transfer statement appears.

Note:

To download the bank transfer statement, click Download File.
You can also download, export, and delete a bank transfer statement using the respective icons available next to the Status column on the Bank Transfer page.

Frequently Asked Questions:

Which banks can be used for salary transfer?

Salary can be transferred using the Employer Bank or Employee Bank, based on the selected transfer type and configured bank templates.

How can I create a new bank transfer?

To create a new bank transfer, from the greytHR Admin portal, hover over the 9 dots and go to Payroll > Payout > Bank Transfer.

On the Bank Transfer page, click the Bank Transfers tab. A list of bank transfers to your employees appears. The page also displays the number of employees for whom bank transfer is still pending.
Click Create New Bank Transfer. A form appears.
Under Step 1: Transfer Type, select the By Employer Bank/By Employee Bank option as per your requirements.
From the Bank Template dropdown list, select the required option.
Click Next. Step 2: Select Employees form opens. A list of employees appears.
Using the Employee Filter dropdown list, customize the list of employees for whom bank transfers must be done.
Note: You can add a new filter using the + icon.
Click Next. Step 3: Options form opens. The details such as Entity Name, Ach User Name, Customer ID, and Entity bank Acc no auto-populate.
In the File Name Start text box, enter the file name.
In the File Extension text box, enter the format of the file.
Select the checkbox Make this Public - all other admin users will be able to view and download this file.
Click Finish. A preview of the bank transfer statement appears.

Can I filter employees while creating a bank transfer?

Yes. You can use existing employee filters or create a new filter to select specific employees for the transfer.

What happens if some employees’ transfers are pending?

Employees whose salary transfer is not yet completed will appear under the Pending Employees tab until the transfer is processed.

Can multiple admins access the bank transfer file?

Yes. If Make this Public is enabled, all admin users can view and download the bank transfer file.

Can I download the bank transfer statement?

Yes. The bank transfer statement can be previewed and downloaded from the Bank Transfer page after the file is generated.

Are bank details auto-filled during transfer creation?

Yes. Details like Entity Name, ACH User Name, Customer ID, and Bank Account Number are auto-populated based on the selected bank template.

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