How much salary should be paid through bank account?

The method of paying employees is always a matter of great concern. Especially in today's digital age, paying salaries via bank accounts is becoming increasingly common.

Therefore, many people wonder if there is any regulation regarding a minimum wage that mandates payment through a bank account, and the answer is that there is no specific regulation on a minimum wage that mandates payment through a bank account.

According to the provisions of the Labor Code 2019, employers have the right to freely choose the form of salary payment to employees, which can be in cash or through a bank account. This provision aims to ensure the freedom in entering into labor contracts between employers and employees.

Illustration photo: VnE.

However, in modern society, most payments to employees are usually made through bank accounts because this offers many benefits to both employees and businesses.

For employees: Minimizes the risk of losing cash while traveling. Easily tracks transaction history, ensuring salary benefits; Allows withdrawals anytime, anywhere with an ATM; Supports cashless payments, contributing to building a modern society.

For businesses: Reduces cash management costs and the risk of losses; Allows tracking of payment history, facilitating reporting; Demonstrates transparency and a modern image for the business.

In summary, paying salaries through bank accounts is not only a trend but also an optimal solution, bringing many benefits to both employees and businesses.

Therefore, although there is no mandatory regulation to pay salary through bank account according to specific salary level, this is an encouraged form of salary payment. The choice of salary payment method is the right of the employer and the employee, however, priority should be given to the form that brings many benefits to both parties.

Cong Hieu (synthesis)

Source: https://vtcnews.vn/luong-bao-nhieu-thi-phai-tra-qua-tai-khoan-ngan-hang-ar904272.html