1 Introduction
Welcome to the Charges user guide for Oracle Banking Virtual Account Management.
The different types of charges supported for virtual accounts are listed below:
Onetime Virtual Account setup charges: These are one-time flat charges configured whenever a customer is onboarded for virtual account facility.
Structure Setup Charge: These are flat charges configured per virtual account structure creation.
Maintenance Charge for Virtual Account Usage: These are flat periodic charges configured for virtual account maintenance.
Charges based on Number of Virtual Account: These are periodic tier or slab-based charges configured based on number of open and authorized virtual accounts for a customer.
Charges based on Number of Transactions: These are periodic tier or slab-based charges configured based on number of transactions performed on virtual accounts of a customer for a charge period.
Structure Maintenance Charges by Structure: These are flat periodic charges configured for structure maintenance and are charged by structure.
Structure Maintenance Charges by Accounts: These are periodic tier or slab-based charges configured for structure maintenance and are charged by number of virtual accounts in a structure.
Tax on Charges: These are taxes which are configured on charges.