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| Welcome to National Bank |
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Payment Services
When it comes to funds flowing in and out of your business, knowledge is power. Efficiently manage payables and accelerate receivables with our full suite of innovative Products and Services. Save time and streamline administration with our range of Automated Payment Services.
Swift
Highly secure electronic service that NBK can arrange for the Transfer of Funds from your Account to Beneficiaries abroad or locally. Recommended for high value payments, which locally will be achieved in real time hence removing risks associated with paper based cheques.The service is also the most secure means of transmitting money with speed and accuracy to other destinations outside Kenya.
We use this system facilities for all international transactions avoiding delay and minimal risk.
- Remittance Processing (Inwards/Outward)
- Cash-Connect Remittance Services
- RTG'S Services
A) Payroll Processing and Distribution
Payroll processing is electronically done in order to improve efficiency and reconciliation of staff salaries to commercial banks, non-commercial financial institutions and SACCOs countrywide. For the casual employees who may not wish to open accounts, payment will be made upon production of National ID and Staff Identity Card.
Benefits
- Reduced time spent in writing and signing numerous Cheques to Banks and Branches Countrywide.
- Reduced cost in dispatching or mailing Payrolls and Cheques Countrywide.
- Payroll secrecy is maintained.
- Reduced time spent in reconciling accounts.
B) Third Party Payments Processing
The benefits include :
- better management of cashflows and payables,
- reduced time wastage on payment enquiries,
- assured adherence to credit terms,reduced costs of cheque issuance, mailing and reconciliations.
maintenance of confidentiality and minimized chances for frauds associated with manual processing and interventions
C) Payments Collection and Reconciliation
The Bank provides expertise to tailor make solutions to facilitate efficient collection of revenues and other receivables for and on behalf of our customers at agreed terms. The main benefits of this product is that
- it allows the users to drive down costs, streamline reconciliations and eliminate risks of leakage during from collection processes
D) Tax Collection/Transmission (on behalf of KRA)
The bank partners with Government regulators and agencies such as KRA in fashioning unique solutions to facilitate efficiency of payment, collection and accounting for taxes, levies and other statutory levies. The benefit for these product-range is reduction of cost ease of reconciliations, and reduction of risks of leakage in the collection process.
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Privacy Terms & Conditions
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