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Fee schedule
Also called schedule of fees, fee exhibit, ancillary fees.
The exhibit listing every charge a facility can incur outside the headline rate: wires, lockbox, minimums, audits, terminations, misdirected payments and administration.
Drafted with AI assistance. Not yet independently checked. Nobody has verified the claims on this page against a source, so treat the figures and legal points as a starting point rather than as settled, and confirm anything you are about to act on. How we check things.
What it means
On factoring and asset-based facilities, this is where a meaningful share of the real cost lives. The headline discount rate is competitive because it is what gets compared; the fee schedule is where the difference between two apparently similar offers actually sits.
Typical entries include per-wire and per-ACH charges, monthly minimum fees whether or not you use the facility, unused line fees, collateral monitoring or servicing fees, field exam charges billed per examiner per day plus expenses, credit checks on new account debtors, invoice or schedule processing fees, misdirected payment fees, and termination charges.
Ask for it as a document before signing, and price a normal month using your own transaction counts rather than reading the list as a set of edge cases.
Where this one catches people
The fee schedule is usually the only part of the deal the provider can change unilaterally, because the agreement grants a right to amend it on notice. Find that clause, read what notice means, and check whether an amendment gives you the right to exit without a termination fee. If it does not, the price you agreed is provisional and the term you committed to is not.
Where you will meet this term
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Fee schedule — common questions
What does fee schedule mean?
The exhibit listing every charge a facility can incur outside the headline rate: wires, lockbox, minimums, audits, terminations, misdirected payments and administration.
Where does fee schedule catch people out?
The fee schedule is usually the only part of the deal the provider can change unilaterally, because the agreement grants a right to amend it on notice. Find that clause, read what notice means, and check whether an amendment gives you the right to exit without a termination fee. If it does not, the price you agreed is provisional and the term you committed to is not.
Is fee schedule the same as an interest rate?
Fee schedule is defined above; if you are comparing it against a rate, check whether the two measures share a time dimension before you put them side by side.
Which products does fee schedule apply to?
Business Line of Credit, Invoice Financing, Asset-Based Lending, Credit Card Processing.
Is there a worked example of fee schedule?
Not on this entry. Where a term is arithmetic, the arithmetic is shown; this one is not primarily a calculation.
What else should I read alongside fee schedule?
Early termination fee, Exit fee, Factoring commission, Field exam, Funding statement.
Has this definition been checked?
Not yet. This entry is drafted and live, and the notice at the top says so. Confirm anything you are about to act on.
Is this legal advice?
No. It is a definition. What a clause does in your contract, in your state, is a question for a lawyer licensed where you are.
Can I suggest a term?
Yes — [email protected]. The glossary grows from what people are actually shown in contracts.