Business Banking Fees Explained: How Holdings Keeps It Simple

Understanding business banking fees is essential for managing your finances effectively. While many banks charge various fees for services, Holdings takes a simplified approach by not sharing fees with customers. Here’s a guide to common business banking fees and how Holdings stands apart.

Common Business Banking Fees

Traditional banks often charge the following fees:

1. Monthly Maintenance Fees:

   • Charged for account upkeep, typically ranging from $10 to $50 per month.

   • Some banks waive these fees if you maintain a minimum balance or meet other criteria.

2. Transaction Fees:

   • Fees for exceeding a set number of transactions per month, often between $0.25 and $0.50 per transaction.

3. Wire Transfer Fees:

   • Domestic wire transfers usually cost $15 to $30, while international wires range from $30 to $50 or more.

4. Cash Deposit Fees:

   • Many banks charge around $0.15 to $0.30 per $100 deposited above a monthly threshold (e.g., $5,000).

5. ATM Fees:

   • Using out-of-network ATMs can result in fees ranging from $2 to $5 per transaction.

6. Overdraft and NSF Fees:

   • Overdraft fees average around $35 per occurrence, while non-sufficient funds (NSF) fees apply to declined transactions or returned checks.

7. Miscellaneous Fees:

   • Charges for check orders, stop payments, debit card replacements, or specialty services may also apply.

How Holdings Simplifies Banking

Holdings takes a customer-friendly approach by not sharing fees with businesses, helping you focus on what matters most—growing your company. With Holdings, you don’t have to worry about hidden charges or complex fee schedules commonly associated with traditional banking services.

Why This Matters for Your Business

By choosing a banking partner like Holdings that prioritizes transparency and simplicity, you can avoid unnecessary costs and better manage your cash flow. Whether you're processing transactions, making deposits, or managing daily operations, eliminating fee-related concerns can save both time and money.

For businesses looking for straightforward financial solutions without the burden of traditional banking fees, Holdings offers an efficient and hassle-free alternative.