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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 fee of $25 is added to create and process paper.
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 fee for associate members is $375.00.
NOTE: Membership dues fees 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 adviser. |
Become a SWACHA Member - Just click links for your desired membership category, print required forms, then sign and return them to our office.
Forms for Financial Institutions
Membership Application
Forms for Businesses
Affiliate Member Application
Dues Structure
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