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Payroll

Solution

Arab African International Bank - Payroll Solution

AAIB Payroll Solution is a win-win for both employer & employee. Employers reduce their payroll management expense & risk and employees get a solution that makes their personal financial life better.

AAIB makes disbursement of employees’ salaries easy with AAIB e-payroll:

  • Accurate
  • Fast
  • Electronic
  • Safe
  • Convenient

AAIB provides two payroll solutions: Payroll Accounts & Payroll Cards.

Payroll Accounts

For employees who need an account to benefit from AAIB’s wide range of products

Payroll Cards

For employees who only need easy access their salaries

Employer Benefits

  • Same day payroll payment
  • Professional, dedicated AAIB relationship manager
  • Reduce cost and cash management risk

Payroll Account

  • Payroll in different currencies (EGP/USD/EUR/GBP)
  • Competitive interest rate and charges for accounts
  • No minimum account balance requirement
  • No initial funds required for account opening – just salary transfer mandate
  • Special privileges and pricing for AAIB products
  • International debit card for cash withdrawals/purchases
  • SMS alert for all debit card transactions
  • Customer-friendly portfolio statement
  • Free e-banking 
  • Responsive 24/7 call centre
  • Wide-range of ATM services including 24/7 bill payments (Fawry) 

Payroll Card

  • International Debit card for cash withdrawals/purchases
  • Responsive 24/7 call centre
  • Wide-range of ATM services including 24/7 bill payments (Fawry)

Payroll accounts tariffs

Items Tariff (in EGP)
Opening account fee (once)  8
Account maintenance fee (monthly) 5
Statement fee/cycle (monthly, quarterly, semi-annually or annually) 10
Cash withdrawal over the counter less than ATM daily limit (per transaction) 15
Debit Card tariffs  
Joining & annual fees 40
Replacement & re-issuance fees 40
Pin regeneration fees 20
SMS alert fee (monthly) 3
ATM cash withdrawal off AAIB fee (per transaction) 8
International ATM cash withdrawal fee 2% minimum of EGP 15
Balance Inquiry off AAIB ATMs, Domestic fee (per transaction) 3
International ATM balance inquiry fee (per transaction) 10
FX mark-up fees 3%

* Tariffs not mentioned above are as per AAIB standard tariffs

*Terms and conditions apply and are subject to change at the bank’s sole discretion

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