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Overview
 

Reduce administrative burden while ensuring secure and accurate payroll processing. Your HR team no longer needs to manage employee account openings, salary transfers, or payment inquiries. Employees receive a Mada Card from The Saudi Investment Bank, enabling quick and hassle-free salary withdrawals.

Features & Benefits

Automated Salary Disbursement

Transfer salaries to employee accounts seamlessly with minimal manual intervention.

Transactional limits

Set authority levels and transaction limits according to operational requirements.

Bulk Payment Capability

Upload payroll files for multiple employees in a single transaction.

Convenient WPS File Management

Download and initiate WPS salary files online through multiple channels such as CIB and B2B, ensuring seamless payroll processing.

Flexible Payment Scheduling

Schedule payments in advance to align with internal approval processes and payroll cycles.

Integration with HR & ERP Systems

Integrate with HR and ERP systems through API or file-based connections to streamline operations.

The applicant must have or open an account with SAIB.

The applicant must apply for a B2B or the Business Online service.

Completed Registration Forms

Signed Agreement Forms

Open or Activate an SIB Corporate Account

Open a Corporate Account with SAIB or use your existing account to access payroll services.

Apply for B2B or Business Online Service

Apply for the B2B or Business Online service to enable payroll and corporate transaction capabilities.

Complete Registration Forms

Fill out the required registration forms to enroll your company in the payroll service.

Sign the Service Agreement

Submit the signed agreement forms to finalize enrollment and activate payroll services.

Frequently Asked Questions

Businesses upload payroll files with employee account details, and payments are processed securely in bulk through SAIB’s payroll service.

Yes. Payments can be scheduled in advance to align with internal approval processes and payroll cycles.

Payroll files can include multiple employees, allowing businesses to process salary payments in bulk through a single submission.

Payroll transactions are processed through SAIB’s secure banking channels with defined authority levels and transactional limits.

This service is available to businesses that open or maintain a corporate account with SAIB and enroll in the B2B or Business Online service.

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