CARO can be ordered based on an active mandate for an IBAN with a bank that supports this service.

Administrative costs* :

- Single amount per client reference on activation

- No cumulation with CODA

- Administrative costs must be paid separately for CODA and CARO

110 mandates = 110 x administrative costs20 client references = 20 x administrative costs

Monthly recurring costs*:

- Cumulation of CODA and CARO to calculate the monthly recurring cost

110 active current accounts 20 active client references
110 + 20 = a total of 130 items

In the above example, 130 items will be charged as monthly recurring costs. The amount charged per item depends on the total number of active items. So in this case it is the amount that corresponds to the range between 121 and 240 units (see table below).

Determination of the recurring costs * based on the total number of items:

Number of items (CODA+CARO) 
+ 500
Between 241 and 500
Between 121 and 240
Between 61 and 120
Between 3 and 60
Between 1 and 2

*The prices are available in MyCodaBox  - ACCOUNT - Contracts & Services

See also our Related Articles