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BIC
BIC is another acronym, which stands for Bank Identifier Code.
BIC is another acronym, which stands for Bank Identifier Code, and is used to identify specific bank branches. It’s like a postal code or zip code for your bank and is comprised of between 8 to 11 numbers. It is used as part of the SWIFT system and sometimes the terms SWIFT and BIC are used interchangeably.
Streamline payroll with RemotePass
At RemotePass, we offer a robust platform to help with today’s world of work. From hiring new employees to onboarding, managing global payroll, and staying on top of a remote team—we help with it all!
Try RemotePassRelated Glossaries
Full time employee
Workers with a minimum number of hours defined as such by the employment standard.
Tax deduction
Tax deductions are amounts you can subtract directly from your income.
Tax filing
Tax filing is the submission of the actual tax forms.
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Remote Hiring
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RemotePass has been a great success partner for Amwal, it truly enabled us to be international talent friendly. Attracting top talent without the hassle of thinking how we would hire and pay abroad.
RemotePass has really helped us take the pain out of managing salary payments, contract managements, and admin work with our remote teams. They feel much more in control and more connected because of it.
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RemotePass has been so efficient for us as we have at least 60% of our team being remote. Especially for tracking if everyone has been paid out or if they have reimbursements, we don't have to manually do it one by one anymore. It's also really good since we are in compliance with each and every single one of our remote teams' place of residence.
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We love the entire system you guys have built, it's user-friendly and in particular we love the automated notifications part. Employees are automatically informed about the payment status and they receive the payment in a couple of hours after they get notified vs. manually asking us. Thanks for your ongoing support
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Our work with RemotePass is a partnership based on trust and credibility we are proud to have. With RemotePass services, onboarding and payroll for our global team is well managed and our employees feel safe and cared for.
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