Products - Fees

EL6 - General Fee Charging

EL6 is a General Gee Charging System that facilitates the gathering of information regarding a Member's transaction activity over a given period. The data is then used to apply fees that have been designated for each transaction type and, if desired, can deduct any reward type loyalty credits prior to the posting of fees.

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EL17 - Dormancy Fee Charging

EL17 is designed to allow the Credit Union to charge a fee for accounts where a latency letter has been sent via the dormancy system.

• Quote Required

EL18 - Overdraft Limit Fee Charging

A system designed to to charge a fee based on the approved overdraft limit. The program allows the Credit Union to set a fee based on an Overdraft Limit Tier. The facility to set exemptions and an alternate/override fee amount is also available.

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EL41 - Overdrawn/Overlimit Fee Charging

EL41 is designed to charge a one-off fee to an account which is Overdrawn or has exceeded the Overdraft/LOC limit within a given period. The program uses Minimum Account Balances over the period to determine if a fee is to be charged.

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EL42 - Fee Charging from a Save-List

EL42 allows the Credit Union to provide a Save-List of members and charge a set fee to a specific account. The program is useful for those special purposes or promotional offers not covered by any alternative fee systems.

EL67 - One-Off Fee Charging

One-Off Fee Charging allows Management to control the charging of single fees without the need for journals or reconciliations. Fees can be for a fixed amount, where an operator selected amount or a per item charge requiring the operator to specify the number of items.

One-Off Fee Charging standardizes fee codes and narratives displayed on member statements, it removes the need for paperwork as the transaction credit will always go to the correct General Ledger and be updated on the Transaction Journal eliminating reconciliation issues.

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EL71 - Daily Overdrawn Fee Charging

This program has been designed to enable a Credit Union to charge a flat fee where a savings account is overdrawn because of a specified transaction type.

EL76 - Daily Overdrawn/Overlimit Transaction Fee Charging

This program is similar to EL71 - Daily Overdrawn Fee Charging, however the difference with this software is that it allows for a per transaction charge on any individual overdrawn account, rather than just charging a flat fee.

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EL128 - Loans Arrears Fee Charging

The EL128 - Loan Arrears Fee Charging software is designed to charge a fee to loan/overdraft accounts that are in arrears at a certain date. EL128 also has a reporting facility to display fee details by run and by member.

EL129 - Loans Review Fee Charging

The EL129 - Loan Review Fee Charging software is designed to charge a fee on Loan/Overdraft accounts whose review date falls between the specified dates. Reporting on fees charged is available as well as a report on loans/overdrafts with no review date loaded in the system.

EL315 - Credit Card Late Fees and Statement Messages

The Credit Card Fee Charging software is designed to assist in the processing and management of statement messages and fees for credit cards that are overlimit and/or in arrears.

Credit Unions may allow a certain number of offences before enforcing a fee and may wish to set different conditions which will determine whether a fee is waived or not.

The software also allocates a message to each outcome, based on the conditions set in the parameters. These messages can be printed on the member's statement to advise them that their credit card is overlimit/in arrears and may also include a warning that their card may be cancelled