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
| CODA | CARO |
| 110 mandates = 110 x administrative costs | 20 client references = 20 x administrative costs |
Monthly recurring costs*:
- Cumulation of CODA and CARO to calculate the monthly recurring cost
| CODA | CARO |
| 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 |