BankIT™ Contractor Leave Payments

PayMe’s BankIT™ account creates a safety net of income and financial security when you are on leave or between contracts.

Advantages of BankIT™ include:

  • Peace of mind knowing you have access to cash if your contract is suddenly cut short.
  • Allows you to manage your pay agreement to best meet your cash flow needs.

With PayMe’s unique BankIT™ arrangement you may have hours banked until you choose to have them paid out. Any hours banked are shown on your payslip in a box named BankIT™ and when you have them paid out they show as BankIT™ hours being paid, so the account is always easily reconciled.

To take advantage of BankIT™ simply let us know how many hours you would like to have banked when you send in your timesheet. You can also have it set up as a continuous arrangement, such as please bank any hours over 35 for each week.

When you want to have your BankIT™ hours paid, simply let us know how many hours you would like paid by emailing timesheets@payme.com.au and it will show on your payslip as paid BankIT™ hours.

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