Top 10 reasons to choose a Fees Company product

1. Flexible solutions for parents and schools

Our innovative iFEES product is designed to make paying fees stress free and more affordable. Our plans employ a low risk strategy, preventing default and enabling schools to retain profitable customers for longer. Our Parent Choice Plan is a funded plan to ensure your fees are paid on the first day of term.

2. Parent Choice is easy to use

Applying online has changed the way parents organise their busy lives. With Fees Company it is a breeze and takes just five minutes via the school's website. The process is paperless for the bursary and we keep you in the loop by email.

3. Innovative and inventive

At Fees Company we continue to invent products that delight parents everywhere. With Parent Choice Plan, parents pay just 1% per term (subject to a minimum fee of £35 per term), an affordable cost to spread any size of termly fee. We have parents switching regularly from more expensive plans.

4. Dedicated account manager

Having a dedicated manager look after your plan housekeeping, timely fee renewals, late applicants and together with sensitive handling of parents, who occasionally stumble with repayments, make Fees Company a #1 choice for over 100 UK schools.

5. Proven technology

Fees Company deploys the latest BACS technology for our needs and that of our BACS clients including the Scottish Museums Council, University of Edinburgh and the Mountaineering Council of Scotland, just a few of many organisations that entrust their direct debits and credits to us. Audited as an approved Bureau by BACS and sponsored by HBOS, your collections are in safe hands.

6. Choice of options: Funded or iFEES

Many schools use our Funded plan that pays fees in full each term. Bursars and heads are now examining the concept of termly billing for all fees (no change here) but collecting instead by direct debit to the school's bank account (that's new). You require to do nothing. Fees Company is your (BACS) back-office. Click here

7. The cheque is dead

As a bursar, head or governor, how many of your personal financial outlays are paid by direct debit? Makes your life easier, doesn't it? You can make your parents' lives easier by introducing direct debit for tuition/boarding fees, donations, monthly crèche billings, FP subscriptions etc. If cheques represent a nuisance, phase them out! A number of retail outlets no longer accept cheques, preferrring a more efficient way of payment - the tide is turning and cheques will become a thing of the past.

8. Who is Fees Company?

We developed the first Alliance & Leicester school plan way back in 1996, reversed it into Fees Company in 2000, and simply made it better. Our Parent Choice Plan may be found in renowned independent schools throughout the UK as the #1 plan of choice.

Fees Company is a BACS Approved Bureau. Our operational team has unrivalled knowledge of the BACS collection system, over 90 years banking experience, lots of knowledge-based answers and a professional back-office delivery system that is second to none and can be tailored to your needs.

10. Cash flow. The next big investment

We've turned direct debit on its head. The rules have changed. It is no longer the preserve of a 1990s product taken up by parents struggling to pay fees and prepared to pay high borrowing costs.

Today, for a school, direct debit is not a cost - it's an investment. Isn't it time to discard cheques (and 20% late paid fees associated with payment by cheque) and swap 20% late fees for <1% using direct debit?

Now that's cash flow management for the modern business, or school.