Keep all your payments in the same place and minimise the risk of human error by having everything you need in one place with the Zelt payments app. From calculating student loans to wiring payments in batch for the entire team at once, payday has just become much easier.
Integration with most UK banks
Zelt has integrations with most major UK banks, so you can start making payments straight away, without any set up from your end from your company’s bank account. Some banks allow you to set execution dates in the future, so you can create and authorise payments in advance and just set them to be automatically made on the exact day you schedule them on.
Easy to filter, toggle and view
Having to type in all the separate payments manually in your banking app or having to rely on reformatting CSVs is a very admin heavy task that takes a lot of time and is very prone to human errors that can lead to a significant drop in employee satisfaction and task. Not to mention all the other implications of having to address those errors. In the Zelt payments app, you can keep track of due dates for salaries, expenses and invoices for all your employees in one place where you can filter everything by names, due date or the state of the payment.
Integration with the Zelt payroll app
When running payroll with Zelt, your salary payments for each of your employees, as well as the contributions made to HMRC will appear under the Payments section. You can easily check which payments have been made and which payments are still pending in the same place.
After the successful completion of that month’s payrun you will be redirected to the Payments app where you can select multiple payments and mark them as paid.
How it works
Adding a payment
- Make sure that this employee has their up-to-date bank details completed in their profile.
- Go into your payments app, click on “Add a payment”
- Select any employee to whom you would like to make a payment to;
- State the amount that will be wired and any reference. Bear in mind that some banks have a limit on the length or reference (often up to 35 characters).
- Select Payment type: Expenses, Invoice or Payroll
Making the payments
- Select the payments you want to make
- Click on ‘Pay’
- Select your bank – different banks have different restrictions listed at the end of the article
- Select the execution date – some banks will allow you to set the payment date in the future if you are not ready to wire the money now
- Confirm payment – before processing your payment is to review and confirm your wires. All of your employees’ information that is required for the payment will be synced from their profiles so you don’t have to worry about filling anything out.
- Make the payment – this will redirect you to your chosen bank for authentication and once it’s all done you will be able to come back to Zelt and see that your payments have now been completed and they will disappear from the pending payments table.
Frequently Asked Questions
Which UK banks allow bulk payments?
The banks that allow bulk payments are:
- Allied Irish Bank Business (ROI)
- Barclays Business
- Barclays Corporate
- HSBC UK Business
- Lloyds (Business)
- Natwest Bank
- Natwest Bankline
- Royal Bank of Scotland
- Royal Bank of Scotland Bankline
- Santander UK Business
- Silicon Valley Bank
- Revolut
What are the restrictions that apply to bulk payments on Zelt?
Barclays
- Only immediate domestic payments are supported
- Maximum 50 payments per request
- Minimum 5 payments per request
- Minimum total payments amount is £1.00
- Maximum total payments amount is £50,000
- A reference for every payment is required
HSBC
- Only scheduled domestic payments are supported
- Does not support FPS but uses BACS (Direct Debit + Direct Credit)
- As a result, all payments must have a payment execution date that is 2-45 days in the future
Lloyds
- Only immediate domestic and scheduled domestic payments are supported
- Maximum 25 payments per request
- Minimum total payments amount is £0.01 (1p)
- Maximum total payments amount would be determined by the account limits on the specific accounts being used.
- Scheduled payments are not accepted
- A reference for every payment is required
Natwest
- Only immediate domestic and scheduled domestic payments are supported
- Maximum 15 payments per request
- Each payment in the bulk must have the same payment type
- Bulk payments are only accepted where all the creditors are trusted beneficiaries (added as payees)
RBS
- Only immediate domestic and scheduled domestic payments are supported
- Maximum 15 payments per request
- Each payment in the bulk must have the same payment type
- Bulk payments are only accepted where all the creditors are trusted beneficiaries
Santander
- Only immediate domestic and scheduled domestic payments are supported
- Maximum 1750 payments per request
- Bulk payments are only accepted where all the creditors are trusted beneficiaries (added as payees)
Silicon Valley
- The maximum payment size per request is 200
- Only immediate domestic and scheduled domestic payments are supported
- If set execution date is the current day and lies on a weekend or outside the cutoff time of 04:30 – 16:30 UTC, it will be rejected
- If execution date is in the future, it can be on the weekend or outside the cutoff
Revolut
- Payees must be set up as trusted beneficiaries on the payer account before a bulk payment is attempted
- For bulk payments, payees’ address card is mandatory for each payment in the bulk payment request
- Revolut Business users can only authorise bulk payments via the web application and not the mobile app
- There is a limit of 1000 payees per bulk payment
What type of payment should I select?
Here is a breakdown of all the types of payments available in Zelt:
Expenses can be used to reimburse an employee for anything they had to pay out-of-pocket that is connected to their job. For example train tickets paid for in order to attend a meeting with a client. You can either include expenses as a line in monthly payroll for the employee or you can pay it back to them straight away by using Payments app.
Invoices can be paid to contractors and external workers that are not on your Payroll and are not full-time employees. These payments would mean that all tax payments are handled by the receiver, unlike employees.
Payroll payments are salaries and any Tax payments that need to be made to the relevant authorities, for example HMRC. These payments should not be manually created from the Payments app but instead should come directly from the Salary app – where all correct payments are created as a result of you running payroll for the team.