Cash Deposit Fee Comparisons: Holdings vs. Competitors
Cash deposit fees are a crucial consideration for small and medium-sized businesses (SMBs), especially those handling frequent cash transactions. Holdings, a neobank designed for SMBs, eliminates these fees entirely through its partnership with Allpoint+, providing access to surcharge-free cash deposits at over 55,000 ATMs nationwide. This post compares Holdings’ cash deposit features with those of major competitors like Bank of America, Chase, PNC Bank, and Capital One.
Company Backgrounds
Holdings
Holdings is revolutionizing SMB banking by offering an all-in-one financial platform that integrates banking, accounting software, invoicing, and bill pay. With no monthly fees and unlimited free cash deposits at Allpoint+ ATMs, Holdings prioritizes cost efficiency and convenience for business owners.
Competitors
Bank of America: A traditional bank with tiered business accounts that charge fees for exceeding free cash deposit limits.
Chase: Offers business accounts with high free cash deposit thresholds but imposes fees beyond those limits.
PNC Bank: Provides business banking services with low free cash deposit limits and additional fees for excess deposits.
Capital One: Focuses on digital banking with unlimited ATM deposits but lacks teller services for cash deposits.
Key Differences Table
Bank | Monthly Fee | Free Cash Deposit Limit | Fee After Limit |
|---|---|---|---|
Holdings | None | Unlimited | None |
Bank of America | $10-$29.95 | $5,000-$20,000 | $0.30 per $100 |
Chase | $30 | $20,000 | $2.50 per $1,000 |
PNC Bank | $25 | $5,000 | $0.30 per $100 |
Capital One | $35 | Unlimited at ATMs | None |
Detailed Feature Comparison
Cash Deposit Fees
Holdings: Through Allpoint+, Holdings offers unlimited free cash deposits at over 55,000 ATMs nationwide without any fees to the end-customer. Non-Allpoint ATMs do not support deposits but may charge withdrawal fees based on the operator.
Bank of America: Free for the first $5,000-$20,000 deposited per statement cycle; charges $0.30 per additional $100 deposited beyond the limit.
Chase: Allows up to $20,000 in free cash deposits monthly; charges $2.50 per additional $1,000 deposited thereafter.
PNC Bank: Free for the first $5,000 deposited monthly; charges $0.30 per additional $100 deposited beyond the limit.
Capital One: Unlimited free ATM deposits but does not support teller deposits for businesses requiring in-person services.
ATM Network
Holdings' partnership with Allpoint+ provides access to over 55,000 surcharge-free ATMs nationwide for both deposits and withdrawals—far surpassing competitors’ proprietary networks in size and convenience.
Integrated Banking Features
Holdings combines fee-free banking with integrated accounting tools that automate reporting directly from banking activity—features competitors lack without manual input or expensive upgrades.
Pricing Comparison
BankMonthly FeeFree Cash Deposit LimitFee After LimitHoldingsNoneUnlimitedNoneBank of America$10-$29.95$5,000-$20,000$0.30 per $100Chase$30$20,000$2.50 per $1,000PNC Bank$25$5,000$0.30 per $100Capital One$35Unlimited at ATMsNone
Ideal Customer Profiles
Holdings
Perfect for SMBs seeking unlimited fee-free cash deposits and access to a large ATM network through Allpoint+. Businesses that value integrated invoicing and accounting tools will benefit most from Holdings' streamlined approach.
Bank of America
Best suited for businesses needing branch access and moderate cash deposit volumes within the free limit.
Chase
Ideal for businesses handling large volumes of cash regularly due to its high free deposit limit.
PNC Bank
Suitable for businesses with smaller cash deposit needs looking for traditional banking services.
Capital One
Great for digital-first businesses that rely on ATM deposits and don’t need teller access.
Conclusion
Holdings is the clear choice for SMBs looking to eliminate cash deposit fees while gaining access to an extensive ATM network through Allpoint+. Its integrated financial tools like bookkeeping and invoicing further simplify operations compared to traditional banks or digital-only competitors.
Ready to bank smarter? Visit GetHoldings.com today!