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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