MDO “VASL” offers a convenient service for managing the payment of wages. The process is very simple and offers tremendous benefits to both the organization and its employees.
- Automatic transfer of salary to your bank card – the days when you had to wait in line at the cash register or at the bank to receive your salary are gone;
- Access to your money is provided around the clock, seven days a week through the Vasl mobile application and MDO ATMs;
- Easy and effective control of your expenses – an employee can independently control his expenses in the Vasl mobile application at any time convenient for him
Guaranteed safety of your money – MDO is a member of the savings fund for individuals and makes non-refundable membership fees on a monthly basis, which guarantees the safe storage of money on your bank card. The card will be immediately blocked if it is lost or stolen at your first request;
- Transferring money in real mode from your card to the card of your loved ones using a mobile application, ATMs, POS terminals;
- Easy payments using a bank card without the need for cash.
How the salary is transferred to the employee’s account:
- The organization sends a payment order to the MDO indicating the total amount payable to employees, as well as a list indicating the salary of each employee;
- The bank transfers the amounts indicated in the list to the accounts of the employees of the organization. If the list and payment orders are received before 4 pm, the amount is transferred to the cards on the same day. The cash withdrawal fee corresponding to the amount paid is debited by the Bank from the organization’s current account.
- The organization and the MDO sign an agreement on the conditions for the issuance and use of salary cards;
- MDO opens a current account (if not available) for the Organization, to which salaries of employees will be transferred;
- The organization will provide the MDO with a completed application, including data about each employee;
- MDO opens a bank account (special card account) and issues a plastic card to each employee;
- The organization pays an annual fee for plastic cards, as well as a commission;
- MDO conducts trainings on plastic cards and the use of ATMs with employees of the Organization.