Payroll account

What Payroll Account is

A checking account with floating interest rate that helps you manage more effectively your business payroll. A checking account with floating interest rate that helps you manage more effectively your business payroll.

Main features

Payroll is carried out by the Bank on the date the business has set, according to the beneficiaries and employees register
Two day prior to the set payroll date, the employees register is confirmed by the financial division of the Bank
On set date, the Bank credits the employees’ accounts with the business’ order, with no other procedure, crediting the providing payroll account with the respective statement
Alternatively, the business has the option to carry out payroll by itself, as frequently as it desires, by using the Bank’s eBanking
The program can work only if the employer has signed in advance the contract for financial transactions with the Cooperative Bank of Chania
The beneficiaries can choose between a payroll checking account or a savings account

Required Documents

In order to open an account at the Cooperative Bank of Chania, you will need the following documents:

ID or Passport
Recent income tax statement
A bill from a Public Utility Organization or any other document certifying your address
Certificate of employment in case you are employed
A current phone bill confirming your phone number

Where applicable, you may be asked to provide further and/or different documents. Please visit or contact any Βranch of the Cooperative Bank of Chania.