Southeast Bank PLC recently signed a memorandum of understanding (MoU) with Tiny Tots and Summerfield International School to offer comprehensive banking solutions, including tuition fee collection, payroll services, and school banking. The agreement, signed on November 22 at the bank’s Gulshan head office, will enable the English medium school to utilize the bank’s extensive channels for efficient fee collection. Students can pay tuition fees conveniently through internet banking, the bank’s mobile app, or over-the-counter services, benefiting from streamlined school banking facilities.
Under the MoU, the bank will also facilitate seamless salary disbursements and benefits for teachers and staff through its payroll banking services. The managing director of Southeast Bank and the principal of the school formalized the agreement, which was attended by senior officials from both organizations. This partnership underscores the bank’s commitment to integrating financial services with educational institutions for enhanced operational efficiency.
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