Business
Transferring wages to employees
Just one order pays wages to everyone
- Fast and convenient: it takes just one payment order
- No special agreement needed – the service is available for internet bank users who have corresponding rights
- Secure: you can set restrictions to persons in charge of transfer
Easy
- You’ll prepare an electronic payroll sheet, which the bank will use to transfer money.
- When time comes to transfer wages, you’ll connect to the banking web site, submit a single payment order and money will be transferred to all of your employees.
- You can transfer money to SEB or any other bank accounts within Lithuania and European Economic Area
Fast
No matter how many wage recipients you have, money is transferred as a single payment order, which means you don’t waste time paying money and making many transfers or other operations.
Convenient
You’ll have two convenient options:
- import a ready-made payroll sheet from your accounting application
- create a payroll sheet once and only adjust it afterwards
Cheaper
If you are paying wages in cash from your corporate account, you are charged the cash collection fee. You won’t have to pay it subscribing to the wage transfer service.
Safe
- You won’t need to worry about safe transportation of cash to pay wages.
- You can authorise one of your employees to create a payroll file without transferring money and another one only to transfer the total amount of all wages without seeing the details of the file.
For more information about this service and the terms and rates please call
Wage payment orders via the Internet Bank can be uploaded in the ISO20022 XML format
Main requirements for the wage payment orders to be uploaded in the ISO20022 XML format:
- PaymentInformation/CategoryPurpose/Code field value – SALA;
- Payment order currency – euro (EUR);
- Beneficiary’s account – account within SEB or any other bank in Lithuania and European Economic Area countries
How to transfer wages online?
1. Login to SEB‘s Internet Bank and submit the required data of consolidated payments. You may do it in two ways:
-
Upload the payment order in the XML format file ISO20022 by selecting menu item ‘’Payments’’ →’’Payment file upload’’:
-
2.2. fill out the specified form by selecting menu item ‘’Payments’’ → ‘’ Consolidated payments’’→ ‘’New payment’’:
2. After submitting the required data, you will be able to perform the following actions:
- change the initial data in the payment order. Note! The specified general payment description will be transmitted to all creditors
- review the payment data (total number of creditors and amount)
- change creditors’ data
- add or delete additional entries
- save the payment order and continue the work later
- confirm the payment order
3. 4. After confirmation of the consolidated payment, review its status in the transaction list (’’Payments’’ → ‘’Transaction list’’) – it will be displayed as one transaction.
Additional actions can be made (only for the persons entitled to submit the consolidated payments):
- revise detailed information (list of creditors, each transaction status and errors, if any)
- upload a detailed information in the CSV format
- submit a new payment order based on the previous payment order form. This possibility will be available in menu item Application list (‘’Payments’’ →’’Application list’’), where the consolidated payments were previously confirmed (until 2016-10-01)
Note! If due to some reasons, the funds are not credited to all ultimate creditors, it will be specified that the payment order is executed, but in the Comments column it will be indicated that not all transactions are executed. More detailed information about such transactions will be available in review column on the View Link or on the CSV format file.
4. You may review the executed payment order in an extract from the statement of account (‘’Accounts and cards’’→ ‘’Statements of account’’ – it will be displayed as one transaction:
5. In menu item ’’Payments’’ > ‘’Consolidated payments’’ all consolidated payments created by you will be displayed (submitted after filling out the form and uploaded). You will be able to perform the additional actions:
- review the main data
- change data in the created payment order
- sign the created payment order
- submit a new payment order based on the executed payment order form (as well as in the transaction and application list)
- delete the payment order from the list
Note! It is necessary to monitor the (execution) status of the payment orders in the transaction list
Other important information
The consolidated payments may be submitted only by the company employees entitled to:
- submit the consolidated payments and
- having access right to the enterprise’s bank account.
A deferred payment order may be submitted – you may select a future execution date (up to 360 days) of the payment order in the payment order execution field.
If on the date of execution of the payment order, the account balance is insufficient, the consolidated payment will not be executed. If within the period of 5 calendar days, the required shortfall amount is transferred to the account, the consolidated payment will be executed automatically. If within the above-specified term the required shortfall amount is not transferred, the payment order will be rejected.
Wage (consolidated) payments to credit card accounts are not executed.
| Services | Services |
|---|---|
| Submission of salary (consolidated) payment | EUR 1.50 |
| Payment within SEB Bank1 | EUR 0.00 |
| Payment to other bank registered in Lithuania or in the European Union and the European Economic Area countries, Switzerland, Monaco, San Marino and Andorra1 | EUR 0.41 |
1 The fee is applied to a payer for every payment to a submitted account on the list
