BSN's Auto Credit service is designed to help Employers and Organisations automatically credit funds to employees' or recipient's bank accounts every month or designated period.
FEATURES
- Direct crediting into your employees' BSN account
Perfect and convenient way to pay salaries, bonuses, allowances, etc. Hassle-free. No more queueing at the bank! - Recipient account at other banksÂ
For recipients with accounts at other banks, payment will be credited via IBG. You only need to deliver the payment data to BSN. - Opening of account for employees/recipient
BSN provides a platform for companies to open a collection of accounts for their employees at their premise.
HOW IT WORKS
- Get BSN Password
You will be provided with a Password for BSN electronic via BSNeBiz website. This system is secured with safe encryption. - Key in Data
You will need to provide input of data using the BSNeBiz or data that can be imported from a system maintained by your company. - Wait for Confirmation
Data confirmation is done online. This enables you to make amendments in case of any errors on the recipient account. - Mind of Cut-off Time
The cut-off time for data transfer is 6.30pm, one day before payment is made. - Funds Transfer
Funds for payment can be sent using Bank Negara Malaysia RENTAS system, IBG or via cheque. Funds must be received by BSN before payment can be made. - Receive e-Statement
Once credited to the employess' accounts, the Company will be furnished with a report that can be downloaded from the server.
AUTO CREDIT PRODUCT CHARGE
Transaction Fee | Deposit Criteria |
Payer (Organization) Recipient | Minimum Deposit of RM100,000 Minimum 200 staff salary account |
Payer (Organization) Recipient | Minimum Deposit of RM50,000 Minimum 100 staff salary account Micro Financing Customer Customer with Individual / Joint Account using BSN Financing / Loans Facility |
Payer (Organization) Recipient | Minimum Deposit of RM1,000 |
