04
Salary Account
A zero-balance ledger opened through an employer for monthly pay.
Overview
How this ledger works
The Salary Account is modelled as employer-linked: it waives the minimum balance requirement as long as a monthly salary credit is expected, and reverts to standard savings terms if that credit stops for an extended period.
Key features
- Zero minimum balance while salary credits continue
- Free demo debit card issuance
- Automatically reads as a regular Savings Account after 3 inactive months (modelled)
- Employer bulk-onboarding flow (illustrative)
Who it's for
- Employees of a registered employer (modelled)
- Individuals paid on a monthly cycle
- First salary account holders
Rates & charges (illustrative)
| Detail | Value |
|---|---|
| Minimum opening deposit | $0.00 |
| Minimum balance | $0.00 (while salaried) |
| Illustrative interest rate | 2.50% p.a. |
| Free ATM withdrawals (demo) | Unlimited at partner ATMs |
| Conversion to Savings after inactivity | 3 months (modelled) |
Frequently asked
In this model, the account continues as a standard Savings ledger if a new salary credit isn't detected.
No, this model waives opening and maintenance fees entirely for salary accounts.
Yes, one is included at no illustrative cost with this account.
Express Interest
Open this account
confirmation
Your interest in a Salary Account has been logged in mode only. Reference no. EDU-000000. No real action has been taken.