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Bank Charge Deduction Type - Standard / Negotiated etc.

in Payables, Payments & Cash Management

Summary: What is the Functionality of Bank Charges Deduction Type - None/Standard/Negotiated in Manage Payment Options?


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When the Disbursement Bank Deducts any charges for Payments, usually these are identified and handled through miscellaneous/external transactions while reconciling the bank statements in Cash Management. So how this setup will drive the process?

I could see a Task Named Manage Bank Charges , where we can setup the combinations of banks and rates based on amount ranges/settlement priority etc. but looking for more clarity on this functionality

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