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Manage employees' direct salary transfer

Updated in February- 2024 | Subscribe to watch greytHR how-to video

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, click Payroll > Payout > Bank Transfer.

Create a new bank transfer

To create a new bank transfer, perform the following actions:

  1. 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.

  2. Click Create New Bank Transfer. A form appears.

  3. Under Step 1: Transfer Type, select the By Employer Bank/By Employee Bank option as per your requirements.

  4. From the Bank Template dropdown list, select the required option. 

  5. Click Next. Step 2: Select Employees form opens. A list of employees appears.

  6. 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.

  7. 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.

  8. In the File Name Start text box, enter the file name.

  9. In the File Extension text box, enter the format of the file. 

  10. 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.

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