Downloads
- Financial Institution Application (PDF, 172K)
- Affiliate Member Application (PDF, 115K)
- Dues Structure (PDF, 16K)
“I wanted to thank you and your staff for all the help you have given us. Every time we call with questions everyone is very kind and helpful. It is nice to know that with the constant change of Rules or the many new Rules that we need to know, you are available to help us out.”
Robin Knieriem
First Texas Bank
Dues & How to Join
To become a SWACHA Member - download the PDF application for your desired membership (Financial Insitution or Affiliate Member )then fill out and sign the printed form and return it to our office. The applications and our dues structure are to the left under Downloads.
Membership Term is from January 1 through December 31. Dues are paid annually in January via ACH debit. If you choose to receive an invoice; a $50.00 invoice fee will apply.
Financial Institution Membership dues are based on the number of commercial items originated and received by the financial institution of the previous year. Minimum dues are $425. Maximum dues are $7,575.
Dues are calculated as follows:
| Transaction Range | Base Fee | Fee Per Transaction | |
|---|---|---|---|
| 0 | 1,000 | $425.00 | none |
| 1,001 | 10,000 | $425.00 | 0.00908 |
| 10,001 | 100,000 | $357.49 | 0.00787 |
| 100,001 | 1,000,000 | $942.48 | 0.00545 |
| 1,000,001 | 5,000,000 | $4,992.48 | 0.00278 |
| 5,000,001 | and above | $7,575.00 | none |
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To illustrate with an example, assume an annual volume of 25,000; locate the range for that volume (10,001-100,000); reduce the annual volume by the minimum volume for that range (25,000 minus 10,001); multiply the result by $0.00787; and add that amount to the base ($357.49). Dues = (25,000-10,001) x 0.00787 + $357.49 = 475.53 |
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Affiliate Dues
Our Dues Structure
The annual membership dues for affiliate members is $425.00.
NOTE: Membership dues for SWACHA – The Electronic Payments Resource® are not tax deductible as charitable contributions. They may be tax deductible as business expenses. Please consult with your tax advisor.