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Paymaster

Payments at a

click of a button

Paymaster is a revolutionary payment solution by Commercial Bank. 



Our main aim is to relieve you of the burden and cost of large scale, repetitive but nonetheless highly important tasks of making various routine and other payments and so enable you to focus on your core business without worry.

 

The Essentials

  • Routine payments made easy

  • Automate payment of your employee’s salaries

  • Ease of making payments to suppliers, dividends payments, ETF/EPF payments and more

  • You can also carry out bulk utility payments, payment of building rent, and insurance premia

Paymaster is capable of executing multiple payments through a single mechanism from employee salaries to supplier payments, interests, dividends, agent commissions and any other.
You can also upload your ETF/EPF contribution and surcharges by way of cash and drafts.

Use Paymaster and benefit from its security and convenience, without the usual hassle of paying with cash and cheques.

Benefits of using Paymaster

Paymaster will eliminate the risk involved with transporting and manually packeting large amounts of cash

You can save time and resources spent on issuing, processing and posting of cheques or drafts and other payment orders

Benefit from the instant disbursement of payments

Reduces the overall transaction costs

Greater reach via the largest computer linked banking network in Sri Lanka, connecting you to the entire network of branches and ATMs of Commercial Bank

Applying for Paymaster

All you have to do is collect a Paymaster application from any branch of Commercial Bank or download one from this web site, complete and submit it to the branch where you maintain your account.

After your application is processed and registered, we will issue encryption software and a soft file containing the payment instructions format.

User ID and a password for the encryption software will also be issued.

Using Paymaster

After registering, you can simply complete the payment instructions format, encrypt and send it across to the bank by email, diskette or CD along with the authorisation to debit your account.

You can check the status of any transaction, from anywhere at any time by simply login into Commercial Bank Online Banking.

Speed and safety

Speed - Recipients having accounts with Commercial Bank will receive money instantly while others having accounts in other Banks will get their accounts credited on the following working day.

Safety - The encryption software provided will ensure prevention of data tampering and guarantees safety of the data transmitted.

Tariffs and charges

Registration is free of charge. For processing of files a nominal fee will be charged as given below:

 

  No. Of Transactions

 Within Only Commercial Bank
Accounts (Rs)  

    Including Accounts
In Other Banks (Rs) 

Up to 500  1,000/-   1,500/-
501-1000 1,500/- 2,000/-
Over 1000  2,000/- 2,500/-


For further details and inquiries, please contact our e Banking Centre,

Address  :  No. 15 1/1, Sir Chiththampalam A Gardinar Mawatha, Colombo 02, Sri Lanka

Phone    : +94 112 353 582/ 588/ 592/ 593/ 594, +94 112 353 480 / 481,+94 112 353 580

Fax        : +94 114 718 241

email : srp@combank.net

 

Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions. 

Apply now

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