Paypath - How much?

[Money Bags7]

Probably in wrong thread. How much do Irish banks charge businesses for Paypath (paying employees direct to bank accounts electronically).

 

[mirmick]

Probably in wrong thread. How much do Irish banks charge businesses for Paypath (paying employees direct to bank accounts electronically).

Its very reasonable amount as compare to what you pay on cheque. Most banks charge you approx. €120 per year (fixed charge) and plus few cent per transaction (per employee). Its actually very less. I transferred my few clinets manual system to over electronic system. Its very handy and cheap.

 

[Money Bags7]

Thanks for replying. Most Banks (apart from ptsb & UB) have this information stated very clearly in fees & charges(NIB wasn't all that clear). I contacted these them and got put through to various different departments and nobody can give me a clear answer. The Financial Regulator did do a cost surevy on business accounts in April - but this info was not included.