CIBC FirstCaribbean E-Pay

CIBC FirstCaribbean can act as an agent for employers by performing payroll services. Salary deposits will be made directly to employees' accounts held at CIBC FirstCaribbean or other banks.

Key Benefits
No need to process individual employee salaries Physical delivery of payroll listing or file can be eliminated Reduces amount of paper generated Save on cost of cheques and stamp duty Maintain salary confidentiality Faster reconciliation of account statements Employee can make withdrawals on personal time through Instant Teller Internal payroll reports can be generated

Important Features
Security - All features are encrypted to ensure information security. Convenience - E-Pay users can submit a single file from their office, to make payments to beneficiaries' accounts at any bank. Cost savings - using E-Pay reduces administration and transaction costs associated with payment through cheques, paper vouchers and cash. Time savings - E-Pay offers faster payroll payment and processing.

Important Features

Security - All features are encrypted to ensure information security.
Convenience - E-Pay users can submit a single file from their office, to make payments to beneficiaries' accounts at any bank.
Cost savings - using E-Pay reduces administration and transaction costs associated with payment through cheques, paper vouchers and cash.
Time savings - E-Pay offers faster payroll payment and processing.

Product features vary by location. Please contact your local branch for further details.

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