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.
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.
Ensure timely payments
Guarantee that your employees are paid on time, regardless of their location.
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.
of opting for depositsWith 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.
Ensure that your team receives payments on time, every time, regardless of any fluctuations in the global banking system.
Maintain clear and straightforward financial transactions and ensure maximum transparency in your payroll.
Earn interest payments at the end of each month based on your balance and get rewarded for maintaining a deposit.
Reduce financial risks and improve employee satisfaction by securing funds for your payroll obligations in advance.
Native Teams provides a simplified Deposits feature to empower your team with timely payments and avoid the risks of the international banking system.
Subscribe to Native Teams' EOR plan and opt-in for a deposit to ensure timely payments for your team.
Collect employee information, including payment details and bank accounts, and obtain authorisation to initiate payroll transactions.
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.
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.
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.
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