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Membership Dues Structure

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 $375. Maximum dues are $7,575.

Dues are calculated as follows:

Transaction Range Base Fee Fee Per Transaction
0 1,000 $375.00 none
1,001 10,000 $375.00 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

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

Affiliate Dues

The annual membership dues for affiliate members is $375.00.

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.

Become a SWACHA Member - Just click links for your desired membership category, print required forms, then sign and return them to our office.

Financial Institution Application

Affiliate Member Application


Dues Structure
     

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SWACHA - The Electronic Payments Resource®
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