Banif Bank launches improved Salary Package

August 29, 2012
June 20, 2023
Banif Bank launches improved Salary Package

Banif Bank has enhanced its popular Salary Package offering customers a bundle of benefits on depositing their monthly salary. The Salary Package offers various benefits on both deposit and credit products together with free electronic banking facilities that enable customers to access and manage their finances securely and at their convenience.

When customers deposit their monthly salary in Banif’s newly upgraded Salary Package they earn premium rates on their current account. Available to clients earning at least €750 net per month, the Salary Package comes with a free Visa Debit Card, free Banif@st Internet Banking, a Bill Payments Account, a fee-free Classic Credit Card for the first year and a Credit Line of up to €1,000.

Additional benefits include 0.25% bonus interest on the Monthly Savings Scheme from Banif, a bonus interest rate on standard 1-year standard term deposit, a discount of 0.25% on the rate of unsecured Express Credit Personal Loans, 25% discount on Personal Loan processing fees and Home Loan processing fees. Moreover clients that receive their salary via direct credit can opt for the Direct Salary Account and get a higher interest for their current account with up to 1% gross per annum. Though this account is operated electronically it still comes with a cheque book should clients prefer to effect payments in this way.

Customers earning more than €25,000 gross yearly get even more benefits through the newly introduced Executive Package which includes all the benefits of the Salary Package together with a fee-free Gold Card for the first year and a discount of 0.75% on the rate of unsecured Express Credit personal loans between €15,000 and €35,000.

"The Salary Package has been designed specifically to help clients make the best out of their salary”, said Dirk Spiteri Lucas, Head Product Strategy Unit at Banif Bank (Malta) plc. “At Banif we strive to give customers alternative products that make banking simpler and that rewards clients for their loyalty. Banif’s Salary and Executive Packages give customers added value. Moreover clients get all these discounts and benefits at no extra costs coupled with Banif’s dedicated attention to clients.”

Terms and conditions apply. More information can be obtained from the Bank’s website, by visiting any one of the Bank’s branches around Malta and Gozo or by calling Customer Care on 2260 1000.