Pay-Advance Salary Scheme (PASS)
(Our New Banking Product)
1. To be designated UTB-PASS.
This product is designed to mitigate the stresses and agonies of
salaried employees arising from mid-month unforeseen financial emergencies
and contingencies. It covers all full-time salaried employees in
government and recognized organisations, private sector institutions
and diplomatic missions and agencies. It also covers the whole country
where UTB has branches.
To relieve the mid-month financial stress and
pressures of salaried employees by providing a bridging or stop-gap
measure to enable them meet urgent financial needs pending the
payment of monthly salaries.
To facilitate flexibility in personal finances.
To provide relief to corporate accountants and
treasurers on their cash-flows.
To assist the deployment of more organizational
resources into investments and capacity building activities.
4. Target Group:
Everybody that is a regular salary earner, which includes;
• Teachers
• Civil Servants
• Members of the Armed Forces
• Private Sector Employee
• Academic Staff of the U
