Clique Fee Schedule
FEE INFOMATION 1ST AUGUST 2023
Our fee schedules are tailored to each client in order to meet the needs of each business we work with and to match the required workload involved with onboarding and monitoring these accounts.
Onboarding fee
The onboarding fees for clients of Clique are based on the risk factor and number of accounts held. The following table outlines the fees:
RISK RATING | ||||
---|---|---|---|---|
Low Risk | Medium Risk | High Risk | ||
First Account | £1,500 | £1,750 | £2,500 | |
Additional Accounts | £1,250 | £1,500 | £1,750 |
The onboarding fee + VAT is charged at account opening, on a non-refundable basis. At present, VAT is 20%.
Risk Rating
As part of our onboarding process, we assess the risk of each client. The following factors are taken into consideration when calculating your risk rating:
- The industry you operate in
- Whether you receive cash payments
- The jurisdiction you operate in
- The jurisdiction of the directors and shareholders
- The level of high-value transactions etc.
Your risk rating will determine the level of due diligence that we will conduct on your account. We may also require you to provide additional information or documentation
Number of Accounts
If you or an associated company of yours (wholly owned subsidiaries, common shareholdings, etc.) already has an account with us, you will be eligible for a discounted onboarding fee for additional accounts as per the schedule above.
Transaction Fees
Annual Transaction Volumes | ||||
---|---|---|---|---|
<£1m | £1m-£5m | >£5m | ||
On all credits | 1% | 0.75% | 0.5% |
Annual Transactional Values
During the onboarding process, you will be asked to provide an estimated volume of annual usage, along with supporting documentation. The transaction fee will be set at our discretion, based on the supporting documentation provided.
Clique
Clear & Transparent Fee Schedules.
Our transparent pricing enables clients to understand the costs associated with their Clique account. Clients appreciate knowing exactly what their fees are which avoids any surprises or unexpected charges. If you want to discuss your existing account or open a new account, please get in touch.