Banks may levy a charge for Virtual Account Management services offered. The different types of charges defined in Oracle® Banking Virtual Account Management are listed as follows:

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.