Creating fee service codes

Fee service codes are used to identify the fees and the agreed upon rates that are charged by banks. Fee service code rates can change every year and can contain unique dates and unit prices.

  1. Select Financial Institutions.
  2. Open a financial institution record.
  3. Specify a Fee Service Code and Description.
  4. Specify this information:
    Fee Service Category
    Specify a fee service category that groups similar fee service codes.
    Unit Price As Of
    Specify the effective date of the unit price for the fee service code.
    Unit Price
    Specify the unit price for the fee service code for the effective date.
    No Unit Price
    Select the check box if the service is a fixed charge and is not based on any units.
    AFP Code
    The Associate for Financial Professionals (AFP) code is another code that is used to identify the services provided by the bank. AFP codes are predetermined by the bank.
  5. Click Save.