Salary Project

Dear Sir/Madam

JSIB UkrSibbank is pleased to offer our services to your organization. We appreciate the opportunity to demonstrate our ability and commitment to deliver reliable and consistent service and help you meet the organization’s business objectives.
UkrSibbank is glad to offer you our servicing of the salary project that involves transferring your staff salaries to card accounts supported by Visa and MasterCard international payment systems. We are committed to provide the new service to your organization on the most beneficial and competitive terms.
As a result of the salary project utilizing international payment cards, your company will have the following advantages:

• Cutting salaries accrual and disbursement time due to introduction of the efficient and effective automated process;
• Cutting costs related to payout of salaries, travel allowances and other employee payments, as the cash will be drawn from ATM and the Bank’s outlets rather than through a cash desk;
• Cutting costs related to drawing and carrying of cash;
• Salary payments are no longer associated with any problems related to cash limits and cash depositing;
• Full confidentiality of information on the salaries is guaranteed;
• The company’s working routine will not be broken on the pay days.

In turn, using international payment cards will bring about indisputable advantages to the cardholders:

• An employee will receive a plastic card that enables payment for goods and services and cash withdrawal 24 hours a day at any point in Ukraine and worldwide;
• A cardholder is reliably secured against money loss or theft, as the plastic card is protected by an individual PIN-code;
• In addition to salary payments via an individual payment card account in JSIB UkrSibbank, the employee earns additional income, as interest is accrued on the account closing balance on a monthly basis;
• Money can be credited to the employee's bank account via bank transfers or cash in-payment. Cashreplenishmentcanalsobeexecutedbythecardholder’sauthorizedagent;
• A card guarantees that the money on the account is safe wherever the employee travels: should the card be lost, this will not mean loss of the money on the account;
• Cardholders may receive statements from card accounts on their mobile phones.

We are offering your organization to implement the salary project on the most beneficial terms for individual cardholders. In our Bank you can open top class plastic cards for top and middle management (Visa Gold, MasterCard Gold and Visa Classic, ÌasterCard Mass – using special tariffs). For all types of UkrSibbank payment cards, cash drawing from ATM and the Bank's outlets is free of any charges or commissions.

In addition, your employees will be able to use their international payment cards as credit level cards. This will provide the cardholders with additional financial opportunities, enable them to pay for goods and services with the Bank’s credit money, and allow flexibility in planning their personal finance for major purchases.

Furthermore, this service provides the cardholder with an additional advantage, as he/she will not have to be present in person each time when the credit money is borrowed from or repaid to the Bank. The client is allowed to spend the money within the established limit, while the debt is repaid from the client’s salary receipts onto the card account.

Therefore, embarking on the salary project with JSIB UkrSibbank will result in tangible benefits for both the organization and its employees.

We are looking forward to meeting you for discussion of the cooperation opportunities in the above-mentioned area.

Additionalinformation:

JSIB UkrSibbank implemented such projects in the following major Ukrainian entities:

• CJSC Kyivstar GSM (Kyiv);
• LVK Nemiroff (Nemirov, Vinnitsa region);
• OJSC Azot (Cherkasy);
• Cherkasy Khimvolokno (Cherkasy);
• OJSCPivnichniyGOK (KriviyRig);
• CJSCJVRosava (BilaTserkva);
• StateInternationalAirportBoryspil;
• OJSCMalyshevPlant (Kharkiv);
• RoganBrewery (Kharkiv);
• SIE AzotAssociation (Severodonetsk);
• Frunze Engineering Scientific and Industrial Association (Sumy);
• OJSC Chernigiv Khimvolokno (Chernigiv);
• OJSC SJSEC Kharkivoblenergo (Kharkiv);
• RSCP Zarja (Rubezhnoye, Lugansk region);
• CJSC Kupyansk Integrated Dairy and Canned Products Factory (Kupyansk);
• OJSC KrivbasVzryvProm (Kriviy Rig);
• SE Kharkiv Combined Heat and Power Plant;
• OJSC Kriviy Rig Mining Machinery Plant (Kriviy Rig);
• SE Petrovsky Coal Mine (Donetsk);

OJSC Bread-Making Plant 10 (Kyiv).

“JSIB Ukrsibbank” salary card holders have an opportunity to receive a loan on each crediting program for private individuals with 0,5% discount on interest rate, on condition that they have an overdraft limit on their cards.