Fee scheme
Introduction
Fee schemes are used in °neo Accounts to configure fees that are applicable for a product. Therefore, a fee scheme is always part of a product template. New fee schemes can be created, updated an deleted, depending on the fact if they are used or not. A fee scheme can contain one or more fees that can individually be managed.
Fee types
°neo Accounts supports two types of fees, fixed amount and proportional fees. The difference between the two is that in the former always a fixed, predetermined, amount will be added as a fee, while in the latter a proportional fee depending on the transaction amount to which is it related will be added.
Configure a fee
The name is always required for any fee scheme. Additionally, the majority of the parameters are shared between the fixed amount and proportional fees:
Name | Description |
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Event type | Denotes for which event in °neo Accounts the fee should be applied: Payment: this fee will be applied to every payment to the account (service). Payment Account Sweep: this fee will be applied when internal (account sweep) payments are made. Payment Incoming: this fee will be applied only to incoming payments to the account (service). Payment Outgoing: this fee will be applied only to outgoing payments from the account (service). Service Limit: a fixed fee will be applied when a limit of account is passed. State Transition: this fee will be applied when the account (service) changes state, this can be specified for a specific state transition. Term Contract related: this fee can be applied when doing an early closure, early withdrawal and canceling of withdrawal notice. |
Payment subtype | A specific fee can be applied to a specific payment subtype (if configured). |
Processing rule | Forced: the fee will be debited from the account even if the account (service) will end up with a negative balance. Forgiving: the fee will be debited from the account if there is a sufficient balance. If not there is a recurring mechanism to try it again after a certain amount of time. Strict: the fee will be debited from the account if there is sufficient balance, if not the fee payment will not be processed and fail. |
Currency | The currency on this given fee event type. |
Lower threshold | |
Upper threshold |
For the fixed amount fees, specifically the following can be configured:
Name | Description |
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Fixed amount | The fixed amount fee that will be added to the transaction. |
For the proportional fees, specifically the following can be configured:
Name | Description |
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Floor | |
Ceiling | |
Rate | Percentage of the amount of the transaction which will be taken as a fee. |
Updated 3 days ago