Saturday, 23 September 2017,   01 Muharram 1439H

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Auto Credit


BSN’s Auto Credit service is designed to help Employers and Organisationsautomatically credit funds to employees’ or recipients’ 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.

 »

Recipient account at other banks 
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

 » You will be provided with a Password for BSN electronic via BSNeBiz website. This system is secured with safe encryption.
 » You will need to provide input of data using the BSNeBiz or data that can be imported from a system maintained by your company.
 » Data confirmation is done online. This enables you to make amendments in case of any errors on the recipient account.
 » The cut-off time for data transfer is 6.30pm, one day before payment is made.
 » 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.
 » 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 Table

No Detail Transaction Fee GST Deposit Criteria
Payer
(Organization) 
Recipient Payer Payee  
BSNeBiz
1 Government Free Free Free Free  
2 Non-Government with Corporate Account > RM0.50 -
   RM1.00
Free N/A  Minimum Deposit of RM1,000 
RM0.10 - RM0.50 Free   Free » Minimum Deposit of RM50,000 OR
» Minimum 100 staff salary account OR
» Micro Financing Customer OR
» Customer with Individual/Joint Account using        BSN Financing/Loans Facility.
 
 < RM0.10 Free   Free » Minimum Deposit of RM100,000 OR
» Minimum 200 staff salary account. 
3 Non-Government without Corporate Account  Minimum RM2.00  Free    N/A  
4 Stop Payment  RM10.00  N/A   N/A  
5 Interbank GIRO (IBG) Min RM1.00 N/A N/A  
Manual
1 Over The Counter/Diskette  RM10.00  N/A     N/A Compulsary with letter of instruction

For more information or an appointment, please contact 03-2162 3222 ext: 16615 / 15642 / 15697