How to Add a Charge to a Saving Account

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Last updated: Dec 28, 2016 by Himadri Mitra (Unlicensed)
1 min read

Charges (fees and penalties) can be charged to saving accounts in three ways: 

  • Charges are inherited from the product definition. A Finflux user may have the ability to remove one or more of these charges for a saving account. When a charge is removed from a saving account, other saving accounts are not affected.
  • Charges (not yet associated with the saving account) can be selected and attached to the saving account.
  • Miscellaneous charges (one time charge) can be charged to a saving account. The finflux user specifies the amount, which is added in the next payment.

Charge may be added at the time of saving account application, and when a saving account is Pending Approval, Approved, and Active. Adding a charge to a saving account does not affect the saving account's status.

On this page:

To inherit charges from the product definition

While completing a saving account application for a client, keep the charges that appear in the saving account. Complete any fields that do not default, such as a date, that may be required. Additional charges may also be added. See Saving Account Fields Charges.

To add charges to a saving account

When editing a saving account, navigate to the Charges section. See Saving Account Fields Charges.

To add miscellaneous (one-time) charges to a saving account

When viewing a saving account, click +Add saving Charge on the action bar.

  1. Select Charge type from the list.
  2. Complete the fields required for the charge.
  3. Click Submit.


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