Product Feature

Benefits

• Convenience for customer
• Can process payroll to staff at all branches nationwide
• Can use other LOLC services
• Salary will be transferred to each staff account opened with LOLC
• Free of charge for all staff
• Receive high interest rates on the actual balances in your account
• Receive LOLC ATM card that can perform transaction with ATMs and POS machines of CSS members with free of charge.
• Can use mobile banking service (LOLC Mobile (Cambodia)) that can perform any transactions including money transfer, opening Fixed Deposit, bill payment, mobile top-up, loan payment, etc..

Condition

To register LOLC Payroll Service, customer is required:

• Register and fill in Payroll Service Request/Amendment Application Form at any LOLC branches.
• For the companies or institutions are required to have at least 5 Staffs.
• Have an active or open an account (Savings Account or Digital Savings Account) with LOLC (staff and company or institution).
• For company or institutions, both individual and joint accounts are allowed (for joint account only mode of operation Any One Of Us is allowed).
• For staff, only individual account is allowed and the mode of operation must be Single.
• Ensure there is sufficient balance in main account before transferring salary to each employee account.
• Require relevant documents following each customer type (Individual customers and legal entities).