Symba Payments calculates and applies fees automatically when transactions are processed. Fees are defined using fee schedules that describe the rules and rates for a specific savings or loan account. You can create fee schedule templates to easily apply a predefined fee schedule to a new or existing account.
A fee schedule describes how fees are calculated for a specific savings or loan account. It can optionally include a start date and end date to limit the period during which fees apply.
A fee schedule has a schedule type that determines whether fees are charged to the account or credited to it:
Only one fee schedule of each type can be active on an account at any given time (for example, a savings charges schedule and an agent commissions schedule can coexist), and they can be disabled temporarily.
A fee schedule contains one or more fee rules. Rules are evaluated in order and the first matching rule determines the fee. Each rule specifies:
Fee schedules are added and managed on the account detail view in Symba Microbanking.
Read more about fee schedules.
A fee schedule template is a reusable definition that describes how fees are calculated. Each template has a schedule type, a name, and one or more fee rules with their rates. When a fee schedule is created from a template, the rules are copied — later changes to the template do not affect existing schedules.
Templates are created and managed by users authorized to administer fee schedule templates in Symba Payments.
Read more about fee schedules templates.