Payroll

 

The best way to manage your cash deposit around the clock.

Learn more

Don’t have an alrajhi bank account? Create one now


Payroll

Our payroll services make it easy to run payroll online.

Enable your organization to transfer Salaries automatically on a set date every month for the employees.

Payroll service allows organizations to pay salary payments to their employees by direct transfers to their bank accounts. The service is easy to use, and fully compliant with the rules and regulations of Wage Protection System (WPS)

Terms and Conditions
  1. Offer is valid through alrajhi business bank App and platform. Download the app now
  2. Offer including business packaged ( for more details call 920004550)
  3. Payroll Terms & Conditions apply
Features

Key Characteristics and Benefits:

  1. alrajhi business portal with advanced features
  2. Automated salary transfers and data exchange.
  3. Electronic verification of files transmission.
  4. Internal and local bank transfers.
  5. Consumer finance for Payroll employees available to eligible companies.
  6. Savings in the cost of system upgrades to maintain employee records and Payroll dates.
  7. Savings in time and money spent on monthly reconciliation.
  8. Reliable and detailed reports.
  9. The largest customer base in the Kingdom.
  10. Major companies have adopted alrajhi bank to use Payroll service.
Payroll services within alrajhi Business

For convenient, secure and easy Payroll transactions over the internet, use alrajhi  Business Services:

  1. Online data updates on employee records.
  2. Upload of bulk payroll files in the system.
  3. Feedback files that shows successful and unsuccessful payroll payments.
  4. WPS (Wages Protection System) feedback file – a digitally signed file ready for upload to the Ministry of Labor website
  5. Maintain payroll payments history for easy reference.

Fees and Charges

Payroll-Cards: Issuance Fees

Schedule of Charges* Fee
- Monthly fees OR "SR 7.5 per month per card
- Annual fees SR 90 per year per card
-GCM Fees: Registrations Fees -GCM
NONE

Payroll: Commission (based on headcount)

Schedule of Charges* Fee
1- 9 employees SR 390 Annual fee / SR 32.5 Monthly
10 29 employees SR 490 Annual fee / SR 40.83 Monthly
30-59 employees
SR 590 Annual fee / SR 49.16 Monthly
60-99 employees SR 690 Annual fee / SR 57.5 Monthly
above 99 employees
SR 790 Annual fee / SR 65.83 Monthly 
Non-ARB Bank’s: Same day transfer 

SR 7 per transfer

Non-ARB Bank’s: Next day transfer 

SR 5 per transfer

Frequently Asked Questions:

Are the Monthly service fees inclusive of the salary transfer fees for the Wages protection system (WPS)?

Service fees include the Monthly fees, and there will be SARIE fees for transferring to other banks

Is the method of uploading Excel files for wages protection in “mudad” Is it done by the bank? Or by the client?

Currently it is done by the client

If an employee’s residency permit has expired, is it possible to add them to the payroll service? 

The worker can be added to the payroll file, where the identity is verified by the bank receiving the transfer.

How can I activate the payroll service?

Payroll service can be activated through ARB app and ARB Business portal

Is it possible to modify payroll after submitting the file?

The customer can delete the uploaded file and re-upload the updated file, provided that this is done before the payroll procceing date.

Don’t have an alrajhi corporate bank business account? Create one now

Share