Paper Statement Service Charge

​​​​​This application provides the ability to assess a monthly fee to a member's account when the member receives a paper statement.

Benefits

The application assesses a monthly fee on uncombined statement accounts as well as the lowest-numbered checking account in a combined statement relationship, where the tax owner of the member share is also the tax owner of the primary statement account.  If the uncombined statement account is not a checking account or there is not a checking account within the combined relationship that is also owned by the tax reported for of the primary statement account, the fee is posted to the member's primary share account. 

If the "Post to Primary Account" runtime parameter is set, the fee is posted to the same (primary) account.

The fee is waived for members whose age does not fall within a specific range, for those members owning a specific minor account type, and for those memberships not yet open for 30 days or more.