Add a Fee on a Deposit Account by Withdrawing

How to Add a Fee on a Deposit Account

You can apply a fee to a member's deposit account by withdrawing the fee amount. This process reduces the deposit account balance and credits the corresponding fee ledger.

Follow the steps below:

1. Log in to app.kwara.com.

2. Search for the member you would like to apply the fee to using the search bar.

3. Select the member’s savings account from the list of accounts.

4. On the top right corner, click More > Withdraw.

5. Enter the amount to be withdrawn (i.e., the fee amount) and choose the appropriate value date.

6. Under Payment Method, select the member’s account and then choose the appropriate fee-mapped account (e.g., Registration Fee) that is linked to the desired ledger.

Note: This action will reduce the member’s deposit account by the specified amount and transfer the same to the fee ledger.