National Bank expands options for salaries and contributions through ALTA Bank

The National Bank has further eased the conditions for clients of ALTA Bank AD Bitola. According to the institution, the latest amendment to the administrative decision allows companies that have regularly paid salaries through their bank accounts over the past three months to make salary payments, as well as the related tax and contribution payments.

The measure applies to companies that consistently used ALTA Bank to pay salaries in the three months before the decision was adopted, as part of their usual practice.

The funds companies can use from their ALTA Bank accounts for these payments may be up to 5% higher than the total amount of salaries paid in October. This is intended to maintain existing payments and help meet obligations to employees and the state, while preserving control over the outflow of funds from the bank.

The amendment also allows individuals to use without restriction any new funds credited to their accounts at ALTA Bank AD Bitola, when those funds are transferred from payment accounts at other banks or other payment service providers.

The National Bank said it is closely monitoring developments at ALTA Bank AD Bitola and continuously adjusting its measures, taking into account how the bank operates and the needs of its clients.