STEP2-T pricing
The pricing policy for STEP2-T consists of recovering all costs in relation to (1) the processing services provided by critical service providers, (2) participating in and use of fund transfer services in TARGET; and (3) operational, administrative and depreciation costs of EBA CLEARING, as business administrator of STEP2-T, in relation to the service management and development of the STEP2-T System.
The pricing objectives of STEP2-T include in particular the objective to minimise costs for the users in relation to the processing of bulk payments. The users of the STEP2-T System benefit from the economies of scale brought about by increasing volumes and the realisation of SEPA.
Overview of fees
The Fee Schedule for STEP2 Services is available to all participants on the customer portal and is made available to prospective participants upon signature of confidentiality undertaking.
An overview of the (1) the joining and annual fees, (2) transaction fees, as well as (3) network and changes fees is provided below.
1) Joining and annual fees
The STEP2-T System comprises three SEPA Services: the STEP2 SEPA Credit Transfer Service (SCT), the STEP2 SDD Core Service (SDD Core) and the STEP2 SDD B2B Service (SDD B2B).
| Joining fees (in EUR) | SCT | SDD Core | SDD B2B |
| Participant | 30,000* | 30,000* | 30,000* |
| Reachable BIC | 300 | 300 | 300 |
| Annual fees (in EUR) | |||
| Participant | 27,500 | 30,000 | 30,000 |
| Reachable BIC | 250 | 250 | 250 |
| Settlement account services | 15,000 | 8,000 | 8,000 |
| CGS | 7,500 | 7,500 |
* A discount is applied if banks from a same banking group join one or several STEP2 SEPA Services as Participants on the same date.
An annual usage fee and a relationship fee can apply, as well as annual fees for Additional Optional Services (AOS) or Value-added Services (VAS).
| Annual fees (in EUR) | SCT | SDD Core | SDD B2B |
| Batch processing usage fee | 10,000 | 10,000 | 10,000 |
| Batch relationship fee | 1,000 | 1,000 | 1,000 |
| Acceptance Date (AOS1) | 5,000 | ||
| Remittance Information (ERI) | 5,000 | ||
| Transferability (AOS3) | 5,000 | ||
| Use of a night-time settlement window | 10,000 |
2) Transaction fees
STEP2 offers different transaction fees that apply depending on the use of validation for single payments or the use of the batch processing mode with pre-sorted messages and on the pricing options chosen by the participants, starting at:
| Quarterly fees (in EUR) | SCT | SDD Core | SDD B2B |
|
Minimum volume fee per quarter (payable by sender) |
3,750 | 3,750 | 3,750 |
| Transaction fee single processing | |||
| Payable by sender | 0.002 | 0.002 | 0.002 |
| Payable by receiver | 0.002 | 0.002 | 0.002 |
| Transaction fee batch processing | |||
| Payable by sender | 0.001 | 0.001 | 0.001 |
| Payable by receiver | 0.001 | 0.001 | 0.001 |
3) Configuration changes and network
Administrative fees apply for changes in the STEP2 routing tables or for configuration changes.
Fees for the use of networks for sending or receiving payment files and other messages is a matter of the bilateral contract of each user with the network provider.
A EUR 5,000 fee per service applies for the usage of the EBICS communication channel and the related technical and operational functionality on STEP2 on a per service basis.