Domiciliar la nómina

Domiciliar la nómina
 

Alguien puede traducir esto para mí:
El único requisito para concederle un prestamo, es que usted domicilie su nómina. Y si a su vez quiere domiciliar sus recibos tanto mejor para usted.
I tried it first :

The only requirement To grant you a loan is that you should put your paycheck into this account. ANd if in turn you want to have your bills paid by standing order, much better for you .

Hmmm. So, "domiciliar algo (nómina, recibos, etc)" means to have it automatically (electronically) deposited/paid/etc.? Is this right?

El único requisito para concederle un prestamo, es que usted domicilie su nómina. Y si a su vez quiere domiciliar sus recibos tanto mejor para usted.

The only requirement to grant you a loan is for you to have your paycheck deposited automatically into this account. If you want to set up automatic payments for your bills, that's all the better for you.

domiciliar su nómina = to set up automatic deposits for your paycheck, to set up direct deposit, to have your paycheck deposited automatically