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How Bank Charges are Calculated

The Oracle Payables Bank Transfer feature lets you handle bank charges borne by the supplier when the customer requests to transfer the full invoice amount less the bank charge.

Bank charges for transfer to suppliers flagged as supplier/standard or supplier/negotiated are automatically calculated during the build payments program with bank charges stored in the Bank Charges window. Bank charges, standard or negotiated, are deducted from the check amount.

Charges are automatically calculated during the Build Payment
based on:

jpn90000.gif Bank Charge Bearer

jpn90000.gif Transfer Priority

jpn90000.gif Payment amount

jpn90000.gif Currency

jpn90000.gif Remit-to Account (supplier's bank/branch)

jpn90000.gif Remit-from Account (customer's bank/branch)

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