Alfa-Bank started daily payroll

On September 21, 2020 Alfa-Bank announced payroll service start every day instead of normal payments one or two times a month. Service is available to salary clients of credit institution and is connected in mobile application. The project is started together with the partner of bank, Money Forward company.

At the pilot's stage until the end of October of the current 2020 the service is free both for employees, and for employers. Further from individuals the commission in the amount of 100 up to 149 rubles a month will keep.

Alfa-Bank as he claims, became the first among the Russian banks who offered a payroll opportunity every day. It is noted that such service profitable to not only employees, but also employers. According to researches of Alfa-Bank and "Money Forward", an opportunity to get paid in the daily mode is attractive to personnel and reduces its rotation by 47%.

Alfa-Bank started daily payroll

According to the Central Bank of the Russian Federation, volumes of debts of Russians on short "loans to salary" for April 1, 2020 were 37 billion rubles, and the average size of a loan — 7.8 thousand rubles. Most often short loans are taken by young people.

It is important that it is not the credit and not advance payment, but already earned money. Employees do not need to borrow money to salary any more and to pay big percent to microfinance institutions. "Salary every day" gives free access to money at any time when it is necessary — the vice chairman of the board, the director of retail business of Alfa-Bank Michael Tach emphasized.

According to the CEO of a financial technical-startup "Money Forward" Pavel Guzhikov, the company expects to bring the project to new level thanks to cooperation with Alfa-Bank.

We set before ourselves the purpose to make daily access for people to own money absolute regulation of life — he emphasized.[1]

Notes