1.10 Pricing¶
Source: TI_Host_to_Host_Client_User_Manual_v52.pdf Document pages: 30-33 PDF pages: 30-33
c) Software requirements¶
WinZip and a functioning email server.
d) Licensing¶
None
e) Security¶
Any file sent using the email protocol will be zipped using WinZip. The Zip file will be attached to the email and password protected. In addition the email will be digitally signed by Nedbank.
f) Applicable charges for connectivity¶
None
A. Charge account¶
You can use the same charge account for all your TI products or if required, you will have the ability to choose different charge accounts for each TI product. Each product can have a separate transaction, subscription and administrative charge account.
Note: Only Nedbank current and savings accounts that belong to the same legal entity can be used as a charge account.
B. Billing date¶
All charges will be posted to the nominated charge account(s) on your profile billing date.
Note: If you change your profile billing date on any of the TI application or maintenance forms, it will update your billing date for all products on the profile.
C. Product charges¶
Based on your pricing agreement with Nedbank, you may be charged a different pricing structure (transaction fee or a monthly subscription fee) eg, for PTI a transaction fee and for Notifications a monthly subscription fee. In each pricing structure, the FTI and PTI products will have different charges based on the delivery protocol selected.
Note: Only the zipped file is password protected ie once the file is extracted no password is required.
a) Transaction fee pricing structure¶
The transaction fee is calculated based on the number of Notifications sent to you, which can be subject to a minimum and maximum fee per month. Up to three transaction fees may be applicable for PTI and FTI based on the delivery protocol selected, ie:
- A transaction fee for the SWIFT delivery protocol, subject to a minimum and maximum per month
- A transaction fee for the email delivery protocol, subject to a minimum and maximum per month
- A transaction fee for all other delivery protocols, subject to a minimum and maximum per month
If a financial transaction is sent to multiple destinations, you will be charged for the delivery to each destination eg, if a cash deposit of R500 is deposited into your account and you request to send the information to:
- two destination addresses you will be charged 'two times' your Notification fee
- five destination addresses you will be charged 'five times' your Notification fee
Fees are accumulated and billed to your nominated transaction charge account once a month. This will appear as a separate line item on your charge account statement ie:
Contact your Transactional Banker to confirm your actual pricing.
Note: You can have the same or a different transaction charge account per product. However, the billing date cannot be different to your profile billing date.
b) Monthly subscription fee pricing structure¶
Your monthly subscription fee will be billed to your nominated subscription charge account on your profile billing date. This will appear as a separate line item on your charge account statement ie:
Contact your Transactional Banker to confirm your actual pricing.
Note: You can have the same or a different subscription charge account per product. However, the billing date cannot be different to your profile billing date.
D. Additional PTI fee if applicable¶
- PTI end of day file charges
You will be billed a monthly fee to your nominated subscription charge account on your profile billing date. This will appear as a separate line item on your charge account statement ie:
Note: You can have the same or a different transaction charge account per product. However, the billing date cannot be different to your profile billing date.
E. Other charges¶
The below fees are only applicable if you request the bank to resend a Notification or if you have submitted a maintenance request to be actioned.
- Resend fee
If you request the bank to resend a Notification or file you may be charged a resend fee per request. Fees will be accumulated and billed to your nominated
administration charge account on your profile billing date. This will appear as a separate line item on your charge account statement ie:
Contact your Transactional Banker to confirm your actual pricing.
Note: You can have the same or a different transaction charge account per product. However, the billing date cannot be different to your profile billing date.
F. Administration charges¶
If you request the bank to add or maintain any TI instances, you may be charged an administration fee per maintenance request.
Fees will be accumulated and billed to your nominated administration charge account monthly on your profile billing date. This will appear as a separate line item on your charge account statement ie:
Note: You can have the same or a different administration charge account per product. However, the billing date cannot be different to your profile billing date.
G. Connectivity charges¶
a) Leased line¶
Nedbank does not charge you any leased line fees. Your service provider will charge you directly for any leased line costs. If capacity is available on your existing leased line, you may choose to enable the TI products on this line.
b) Connect: Direct license¶
There will be a once off implementation fee and a monthly license fee. If you have an existing Connect: Direct license with Nedbank, you can use the existing license if capacity is available. Contact your Transactional Banker to confirm these fees.