Wage Packaging is a cash management service offered by Wholesale Banking to NMB customers in collaboration with reputable security company.
Together NMB & the Security Company will facilitate;
- Easy payment of cash payroll through Wage Packaging wage service. Our agent will bring cash packets to the customer(s) premises in the agreed time and distribute to the employees.
Benefits of Wage packaging
- Reducing customer’s payroll administration
- Reducing payroll administrative costs
- Easy identification of ghost workers
- NMB agent can pay at many locations
- Customer’s personnel will be free to perform other duties
Eligibility for having the product
Wage packaging was designed to cater for customers with large number of non-bankable employee; this includes farming estates, manufacturing companies and ports.