Yes, making salary payments through our banking solutions comes with various perks. You shall not just make the payment but complete your entire payroll processing with us.
Whenever you add an employee, he/she shall get access to their employee dashboard from where they can fill their details including the bank account in which they want to get their salary. They can also choose the mytra.money's Smart Savings Account as their desired bank account which shall provide them with various benefits of automating their tax declarations, filing their tax returns and other benefits.
On the date of salary payments, you can confirm the payroll processing after adjusting the salaries for Loss of Pay or Incentives (either manually or automatically) and use our payment solution of connected banking or use our payment solution by depositing money in the mytra.money's virtual account assigned for your business.
You can also make the payments outside our platform using your regular banking channel and make the necessary accounting entries/link your bank account, however we recommend you to use our payment system to make sure any of the regulatory compliances aren't missed, the accounting entries are properly recorded and your business is managed properly.