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Shared Fees Configuration

Shared fees are currently only applicable to the Send profile. Custom fees for Transfers and Outgoing Wire Transfers (OWT) are only charged to the source instrument.

To configure a shared fee in the Send profile, follow these steps:

  1. Identify the Fee Group for which the shared fee will be configured,
  2. Select the Fee Type you want to apply. Note that if 'None' is selected as the fee type, a shared fee cannot be configured,
  3. Choose the Shared option for 'Who pays this fee',
  4. Adjust the line scale pointer to set the fee percentage split between the source and destination instruments. The combined percentage must always equal 100%. For example, if 40% is charged to the source instrument, 60% will be charged to the destination instrument.

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In a shared fee configuration, the fee for the destination instrument will be deducted from the transaction amount. Below is an example illustrating how the fee will be reflected in both instruments' statements.

Shared Fee Example​

The following example illustrates a Send profile fee configuration with the following parameters:

  • Fee Group: Send Account To Card Fee
  • Fee Type: Percentage 5%
  • Shared: 40% on Source and 60% on Destination

The diagram below illustrates the changes in balance and the calculation of the shared fee between the source and destination instruments. The top section of the diagram shows the opening balance of both instruments and the transaction amount being sent (EUR 400). With a fee type of 5%, the total shared fee is EUR 20. The bottom section of the diagram explains the fee calculation and how the statement entries are displayed.

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