Savings account charges are fees or penalties applied to an individual savings account. Depending on the selected charge, the amount may be fixed or calculated, and it may be due once or recur on a schedule.

Viewing charges

• Open the client's profile and select the Savings tab
• Open the savings account
• Select the Charges tab to see each charge's due, paid, waived, and outstanding amounts
• Use View Inactive Charges or View Active Charges to switch between active and inactive charges
• Select a charge row to view its details

Adding a charge

• Open the savings account
• Select Add Charge from the account actions
• Choose an available charge and provide the required charge details, such as its due date and amount
• Confirm to attach the charge to the account

Managing charges

For an account that is pending approval, use the charge actions to edit or delete a charge. Once the account is active, you can take these actions on an outstanding charge:

• Pay: Enter the amount to pay and the payment date. A partial payment leaves the remaining amount outstanding.
• Waive: Waive the outstanding amount.
• Inactivate: Stop a recurring charge from being applied again. This action is available for weekly, monthly, and annual charges.

The Charges tab shows updated amounts after each successful action. Inactive charges remain available in the inactive charges view.

Related topics

• Creating savings account applications
• Approving savings accounts
• Activating savings accounts