Uncategorized
Fees and Credit Policy
18 Jun 2020 - 4 minutes read
Fees outlined in this document are in U.S. Dollars and are subject to change. The fees herein have been updated and are effective as of November 15, 2024.
In-Network Confirmations
Standard. For each entity to which you send standard in-network confirmations, the fee is $39.90 per request made for each of the first forty (40) accounts of the same form type, per audited entity for the same balance request date and at the same responder. After the first 40 requests, additional requests made for accounts of the same form type, for the same audited entity, with the same responder, and for the same balance request date are $0 (free).
Consolidated. Consolidated forms can be used with certain in-network responders (primarily in Canada, Europe, Asia, South America, and the Middle East). These forms request a search for all related accounts/products based on the client information provided by the auditor. The fee for each request is $129.40 for each of the first ten (10) requests at that entity for the same balance request date, per client, per responder. After the first 10 for the same entity, balance request date, and at the same responder, additional requests are $0 (free).
AR/AP. For each entity to which you send in-network AR/AP confirmations, the fee is $37.00 per request. Please note that a single In-Network AR and AP Invoice confirmation may contain multiple invoices for the same client and responder.
Legal. For each entity to which you send in-network legal confirmations, the fee is $35.00 per request.
From time to time, we may share some of these fees with our business partners.
Out-of-Network Confirmations
Electronic. The fee for each out-of-network electronic confirmation is $3.20 per request.
Paper (Print Fulfillment). The fee for mailing each out-of-network paper confirmation is $3.20 per request.
Paper (Self-Print PDF). The fee to self-print out-of-network paper confirmation is $0 (free).
Credit Inquiries
Credit Inquiries. The fee for credit inquiry is paid on a per request basis and may vary between $18.00-$29.00 by participating financial institution.
Mortgage QC Audit Reverifications
Reverifications. The fee for each reverification is $33.00 per request.
Verification of Deposit
Verification of Deposit. The fee for each verification of deposit is $28.38 per request.
Verification of Mortgage
Verification of Mortgage. The fee for each verification of mortgage is $25.00 per request.
HUD (U.S. government benefits)
HUD. There is no fee for the requesting party on HUD information. The responder will be charged $3.20 to respond to a HUD request.
International Billing
Capital Confirmation may elect to provide users with the option to pay in local currency; provided the fees may vary if local currency is selected during payment. For pricing in your local currency, please submit a pricing inquiry form.
Response Guarantee
Confirmation guarantees a response to every electronic confirmation request made to an in-network responder. Paper confirmations are not included.
Taxes
Confirmation reserves the right to collect sales tax, use tax and/or value added tax (VAT) from its users where required by law. You will also pay any applicable taxes and duties (including withholding taxes, value added tax or other taxes in connection with your use of the Services). Upon request, you will provide to Capital Confirmation written evidence of any withholding tax paid by you. If you are obligated to withhold or deduct any portion of the Charges, then you will pay to Capital Confirmation such amounts as will ensure that the net receipt, after tax and duties, by Capital Confirmation in respect of the Charges is the same as it would have been were such payment not subject to the tax or duties.
Credits
Credits must be requested within an acceptable timeframe of the original initiate and/or release date and will be given at the lowest effective price. Credit requests are assessed, and not all requests for credit are granted. Credits for paper confirmations will not be given based on the responding party’s failure to respond to the request in a timely manner or at all.
Customer Support
For help or to submit a request, please write to Confirmation.CS@thomsonreuters.com.