contact us now on
whatsapp / viber

US +1 385 216 3585

Deposits

With Native Teams’ Deposits, you can ensure that you’re providing reliable and speedy payments to your team. Experience hassle-free transactions and boost your employee satisfaction with our simplified Deposits solution.

Native Teams
Native Teams

What is Native Teams’ Deposits feature?

Our deposits are designed for employers who want to opt in for deposits and ensure that their employees receive timely payments. The deposit equals the total employment cost for your employee, and the funds are held by Native Teams for future payroll use or final invoice settlement. 

Native Teams' Deposits feature simplifies your payroll management. With our feature, you can:

Native Teams

Ensure timely payments

Guarantee that your employees are paid on time, regardless of their location.

Native Teams

Earn passive income

Benefit from a competitive monthly interest rate on your balance, which incentivises the maintenance of deposits and ensures steady growth of your funds over time.

Native Teams

Save on fees

Benefit from a 10% discount on your subscription fees, adding to your overall savings.

Native Teams
Native Teams

The benefitsNative Teams of opting for deposits

With our simplified Deposits, you can rest assured that you’ve pre-paid your employee salaries and successfully eliminated the risk of unpredictable international banking systems. 

Enhanced reliability and speed

Ensure that your team receives payments on time, every time, regardless of any fluctuations in the global banking system. 

Native Teams

Transparent flow of funds

Maintain clear and straightforward financial transactions and ensure maximum transparency in your payroll. 

Native Teams

Balance interest

Earn interest payments at the end of each month based on your balance and get rewarded for maintaining a deposit.

Native Teams

Risk mitigation

Reduce financial risks and enhance employee satisfaction by securing funds for your payroll obligations in advance.

Native Teams

Exclusive benefits

Enjoy a 10% discount on your EOR plan and free upgrades to new plans, which will provide additional savings for your business. 

Native Teams
Native Teams

How do our Deposits work?

Native Teams provides a simplified Deposits feature to empower your team with timely payments and avoid the risks of the international banking system. 

Native Teams

Subscribe to Native Teams' EOR plan, opt-in for a deposit, and enjoy a 10% discount on your subscription.

Native Teams

Collect employee information, including payment details and bank accounts, and obtain authorisation to initiate payroll transactions.

Native Teams

After receiving the deposit, Native Teams will hold the amount until the next payroll cycle, ensuring that your team members are aware of their reserved funds. 

Native Teams Native Teams

Frequently asked questions (FAQ)

You can get your deposits refunded into your Native Teams Wallets in the currency corresponding to the location of the EOR. Native Teams will assess whether there are any outstanding payments left after your final invoice or final wallet deduction for salary processing and issue the refund. In the case of under or overpayment, we will issue an invoice or add the excess funds to your wallet. 

You can access your deposit in a separate deposit wallet, where funds are securely stored. If you're eligible for a refund, the funds will be transferred back to your regular wallet for withdrawal to your bank account or preferred method.

If the deposit exceeds the total monthly invoice amount, Native Teams will refund the remaining amount to your wallet.

No, you can opt-in for our Deposits at no extra cost when filling out your EOR application. 

Yes, if you've paid a deposit, you can benefit from an extended payment deadline of 14 days instead of the standard 7 days.

Frequently asked questions (FAQ)

How do I get my deposit refunded?

You can get your deposits refunded into your Native Teams Wallets in the currency corresponding to the location of the EOR. Native Teams will assess whether there are any outstanding payments left after your final invoice or final wallet deduction for salary processing and issue the refund. In the case of under or overpayment, we will issue an invoice or add the excess funds to your wallet. 

Where can I see my deposit?

You can access your deposit in a separate deposit wallet, where funds are securely stored. If you're eligible for a refund, the funds will be transferred back to your regular wallet for withdrawal to your bank account or preferred method.

What if the deposit exceeds the total amount of the monthly invoice?

If the deposit exceeds the total monthly invoice amount, Native Teams will refund the remaining amount to your wallet.

Are there any extra charges for Native Teams’ Deposits?

No, you can opt-in for our Deposits at no extra cost when filling out your EOR application. 

Is there a different payment deadline for clients who have paid deposits?

Yes, if you've paid a deposit, you can benefit from an extended payment deadline of 14 days instead of the standard 7 days.

Want to learn more about Native Teams’ Deposits feature or need help getting started?
Talk to our team now!

Native Teams