Configurations

The Interbank Transfer Configuration page allows you to manage all aspects of interbank transfers, including activation status, fee structures, settlement accounts, and gateway providers. This module ensures the proper setup of transfer limits, associated fees, and accounting configurations for seamless interbank transactions.

Key features

• Activate & Deactivate Interbank transfers

• Setup Fee Configuration

• Setup General Ledger Settlement

• Switch Interbank Transfer gateway

Accessing the Configuration Page

1. Log into the application using your credentials

2. From the dashboard, navigate to E-Channels

3. Select Interbank Transfer

4. Click on Configurations

Configuration Features

Activate/Deactivate Interbank Transfer

To activate/deactivate an interbank transfer:

1. Select the Activate/Deactivate Transfer section of the configuration page.

2. Click the Interbank Transfer toggle button to activate or deactivate.

3. Click the Update button to apply changes.

Setup Fee Configuration

1. Select the Fee Configuration Setup section of the configuration page.

2. Select the Gateway Provider (e.g., NIP) from the dropdown menu

3. Configure multiple tiers of transfer amounts and fees:

Field	Description
Transfer Amount (Minimum)	Lower limit for the fee tier
Transfer Amount (Maximum)	Upper limit for the fee tier
Gateway Fee	Fee charged by the transfer gateway
Gateway Fee GL	General ledger account for gateway fees
Institution Fee	Fee charged by your institution
Bank Income GL	General ledger account for bank's income
VAT Charge	Applicable VAT percentage
VAT GL Account	General ledger account for VAT collection

1. Click on the Update button to apply changes.

Add New Fee Configurations

1. Click the "+ Add" button in the top right corner.

2. Fill in all required fields for the new fee tier.

3. Click "Update" to save the configuration.

Adding a new fee configuration requires a tiered structure ( i.e., min-max transfer amount). Here's an example of how that might look:

• Tier 1: ₦0 - ₦5,000

• Tier 2: ₦5,001 - ₦50,000

• Tier 3: ₦50,001 - ₦99,999,999

Add General Ledger Settlement

To add a General Ledger settlement:

1. Select the Activate/Deactivate Transfer section of the configuration page.

2. Click on the Add button at the top of the page.

3. Select a Gateway Provider and fill in the following fields:

   • Inward Transfers Settlement GL

   • Outward Transfers Settlement GL

   • Outward Transfers Expense GL

4. Click on the Save button to apply changes.

Switch Transfer Gateway

1. Select the Switch Transfer Gateway section of the configuration page.

2. Select your preferred gateway provider (e.g. NIP, ISW).

3. Click on the Switch button to apply changes.

Note:

• Ensure all GL accounts are valid before saving configurations

• Fee tiers should not overlap to avoid confusion

• Gateway fees and institution fees are configured separately

• VAT configurations should align with current tax regulations

• Always test configurations with small amounts before full deployment

• Changes to fee structures take effect immediately