Complete Payroll & Payment Solutions
LBDI Bank provides comprehensive payroll management and payment collection services designed to streamline salary disbursement, reduce administrative burden, and ensure timely, secure employee payments. Our services cater to organizations of all sizes with flexible, scalable solutions.
Services Offered: Payroll Management, Direct Deposit, Payment Collection, Cash Pickup, POS Reconciliation, School Fees Payment | Benefits: Efficiency, security, transparency, compliance
Our Service Offerings
Payroll Management Services
Comprehensive payroll processing for institutions maintaining corporate accounts with streamlined salary disbursements.
- Direct salary disbursement
- Automated processing
- Detailed reporting
- Online platform access
- Tax compliance support
- Secure transactions
Direct Deposit Service
Allows institutions and businesses to credit employee or vendor accounts directly without manual intervention.
- Timely salary deposits
- Secure payments
- Employee & vendor payments
- Pension disbursement
- Vendor payment processing
- Real-time tracking
Payment Collection Services
Designed for organizations handling large cash volumes with scheduled or daily collection and deposit services.
- Daily or scheduled pickups
- Secure transport
- Same-day deposit
- Professional handling
- Transparent accounting
- Risk management
POS Pickup Service
Dedicated teller visits to client locations daily to collect and reconcile point-of-sale transactions securely.
- Daily POS collection
- Transaction reconciliation
- Police escort (remote areas)
- Secure transport
- Detailed reconciliation
- Cash management
School Fees Payment
Convenient payment processing for educational institutions allowing students and parents to pay school fees.
- Multiple payment channels
- Low transaction fees
- Easy processing
- All educational levels
- Transaction confirmation
- Student tracking
Vendor Payment Processing
Streamlined payment solutions for vendor and supplier payments through direct transfers or checks.
- Vendor management
- Payment scheduling
- Check issuance
- Direct transfers
- Payment tracking
- Automated processing
Service Pricing & Rates
Payroll Management
$100 USD
or L$19,000 LRD
School Fees Payment
$0.25 USD
or L$60 LRD per transaction
Payment Collection/Cash Pickup
$500 USD
or L$95,000 LRD monthly
Note: Pricing is flexible and negotiable based on service volume, organization size, and frequency of services. Contact our corporate banking team for customized quotes and package options tailored to your specific needs.
Service Benefits & Advantages
Our payroll and payment services offer substantial advantages for your organization:
Operational Efficiency
- Streamlined payroll processing
- Reduced administrative workload
- Automated disbursement
- Time and cost savings
- Improved accuracy
Employee Satisfaction
- Timely salary payments
- Reliable direct deposits
- Reduced payment delays
- Enhanced trust
- Professional service
Security & Compliance
- Secure fund transfers
- Regulatory compliance
- Transaction tracking
- Audit trails
- Risk reduction
Implementation & Setup Process
Initial Consultation & Service Customization
Agreement & Setup
Training & Testing
Service Launch
Streamline Your Payroll & Payments Today
Let LBDI Bank handle your payroll and payment needs with professional, secure, and efficient solutions. Contact our corporate banking team to discuss your requirements.
