Simplified Business Banking Fees with Holdings' Transparency

Managing your business finances shouldn’t feel like deciphering a secret code. Yet, for many small and medium-sized business owners, understanding business banking fees can be a real headache. From monthly maintenance charges to surprise wire transfer costs, traditional banks often bury you in a tangle of fees that eat into your hard-earned cash and complicate your accounting. Holdings is here to change that narrative-offering a modern, transparent, and truly fee-free approach that puts your business first.

Let’s break down the world of business banking fees, why they matter, and how Holdings helps you keep more of your money working for you.

The True Cost of Traditional Business Banking

When you open a business bank account with a traditional financial institution, you’re often met with a long list of potential fees. These can add up quickly, impacting your cash flow and making it harder to forecast your monthly expenses. Here’s a closer look at the most common fees you might encounter:

Monthly Maintenance Fees

• Most banks charge a monthly fee just to keep your account open-typically ranging from $10 to $50.

• Some banks will waive this fee if you maintain a minimum daily balance, but that often means tying up money you could be using to grow your business.

• For many SMBs, especially those just starting out or with seasonal cash flow, this can be a recurring pain point.

Transaction Fees

• Banks often cap the number of free transactions (deposits, withdrawals, payments) you can make each month.

• Exceeding this limit can cost you $0.25 to $0.50 per transaction.

• If your business is growing or has fluctuating activity, these costs can sneak up on you.

Wire Transfer Fees

• Domestic wire transfers typically cost $15 to $30 per transaction.

• International wires are even pricier, often $30 to $50 or more.

• For businesses dealing with suppliers or clients overseas, these fees can quickly erode your margins.

Cash Deposit Fees

• Many banks allow a certain amount of cash deposits per month (e.g., $5,000) before charging a fee-usually $0.15 to $0.30 per $100 deposited above that threshold.

• Retailers and service businesses that handle a lot of cash are especially impacted.

ATM Fees

• Using an ATM outside your bank’s network? Expect to pay $2 to $5 per transaction.

• These charges can add up for business owners on the go.

Overdraft and NSF Fees

• Overdraft fees average around $35 per occurrence.

• Non-sufficient funds (NSF) fees are charged when you don’t have enough money to cover a payment or check.

• These penalties can snowball, especially if you’re juggling multiple payments or waiting on receivables.

Miscellaneous Fees

• Charges for ordering checks, stopping payments, replacing debit cards, or using specialty services.

• Fees for paper statements, expedited payments, or even speaking to a teller in person.

The Impact on Your Business

All these fees can have a real effect on your bottom line:

• Cash Flow Crunch: Every dollar spent on fees is a dollar not reinvested in your business. Over time, these costs can make budgeting unpredictable and limit your growth.

• Complex Accounting: Tracking and reconciling fees adds complexity to your bookkeeping, making it harder to get a clear picture of your finances.

• Hidden Costs: Many business owners are surprised by fees they didn’t expect-hurting trust and making it harder to plan ahead.

Let’s look at a real-world example:

Case Study: The Busy Café Owner

Sarah runs a popular neighborhood café. She deposits cash daily, pays vendors by wire transfer, and makes frequent ATM withdrawals to cover small expenses. In a typical month, she’s charged:

• $25 monthly maintenance fee

• $12 in transaction fees (for exceeding her monthly limit)

• $60 in wire transfer fees (two domestic, one international)

• $18 in cash deposit fees (for exceeding the threshold)

• $10 in ATM fees

That’s $125 a month-$1,500 a year-just in bank fees! That money could be used for new equipment, staff bonuses, or expanding her menu.

Why Do Traditional Banks Charge So Many Fees?

Traditional banks have legacy systems, physical branches, and layers of overhead. To cover these costs (and boost profits), they rely on a complex web of fees. For SMBs, this means:

• Unpredictable Costs: You never know exactly what you’ll be charged each month.

• Punitive Penalties: Miss a minimum balance or make one too many transactions? You’re penalized.

• Disjointed Systems: Banking, accounting, and payments are often siloed, requiring you to juggle multiple logins and reconcile data manually.

Holdings: The Modern, Fee-Free Alternative

Holdings was built for business owners who are tired of the old way of banking. Our mission is simple: help you earn more and keep more of your money, with no hidden fees or surprises. Here’s how we do it:

Zero Fees-Seriously

• No Monthly Maintenance Fees: Your business bank account is always free to use, with no minimum balance requirements.

• No Transaction Fees: Make as many deposits, withdrawals, and payments as you need-no extra charges.

• No Wire Transfer Fees: Send money domestically without worrying about wire fees.

• No Cash Deposit Fees: Deposit as much as you want, whenever you want.

• No ATM Fees: Access your cash at any 55,000+ Allspring ATM, nationwide, without incurring extra charges from us.

High-Yield APY-Your Money Works Harder

• Earn Up to 3.0% APY: Unlike traditional banks, which often pay little to no interest on business accounts, Holdings helps your money grow.

Integrated Financial Tools

• All-in-One Platform: Banking, accounting, and bookkeeping are seamlessly connected.

• Automated Bookkeeping: Save hours each month with built-in accounting software and full-service bookkeeping options.

• Real-Time Cash Flow Insights: Instantly see where your money is going, with easy-to-read dashboards and reports.

Peace of Mind

• Up to $3M FDIC Insurance: Your deposits are protected well above the industry standard.

• Dedicated Support: Our team is here to help-no waiting on hold or navigating endless phone menus.

• No Hidden Surprises: Transparent policies, clear communication, and a commitment to your business’s success.

How Holdings Helps You Save-A Side-by-Side Comparison

The Holdings Difference: Perks for Being a Good Customer

At Holdings, we believe you should be rewarded-not penalized-for running your business responsibly. That’s why we flip the script:

• No Penalties for Growth: Make as many payments, deposits, or transfers as your business needs-no extra cost.

• No “Gotcha” Fees: We don’t nickel-and-dime you for using your own money.

• Earn More as You Grow: The more you keep in your account, the more you earn with our high APY.

Real-World Benefits for SMB Owners

Let’s see how Holdings’ approach to business banking makes a difference for real business owners:

1. The Startup Founder

• Needs to move quickly, pivot, and keep costs low.

• Holdings’ zero-fee structure means more money for product development and marketing.

• Integrated accounting tools help keep investors in the loop and tax time stress-free.

2. The Retail Store Owner

• Handles frequent cash deposits and daily transactions.

• No cash deposit or transaction fees means no surprises at the end of the month.

• Free money movement supports payroll, vendor payments, and inventory purchases.

3. The Consultant

• Works remotely, travels often, and needs flexible access to funds.

• No ATM fees, instant online banking, and high-yield savings for emergency reserves.

4. The Growing Agency

• Scaling fast, hiring new team members, and juggling multiple clients.

• Automated bookkeeping and integrated payroll make financial management seamless.

• Up to $3M FDIC insurance provides peace of mind as revenue grows.

Frequently Asked Questions About Business Banking Fees

Q: Are “free” business bank accounts really free?
A: With most traditional banks, “free” often means “free if you meet certain conditions”-like maintaining a high minimum balance or limiting your transactions. Holdings is truly fee-free: no monthly fees, no transaction limits, no minimums.

Q: What about overdraft protection?
A: Holdings’ platform is designed to help you avoid overdrafts in the first place, with real-time cash flow tracking and alerts. If you ever do run into an issue, there are no punitive fees-just helpful support.

Q: Do I earn interest on my business checking account?
A: Yes! With Holdings, every dollar in your account earns up to 3.0% APY.

Q: How does Holdings handle wire transfers?
A: All wire transfers, domestic and incoming international, are free. You can send and receive funds domestically without worrying about hidden costs.

Q: Is my money safe with Holdings?
A: Absolutely. Your deposits are insured up to $3 million through our FDIC partner banks, and our platform uses industry-leading security protocols.

How to Choose the Right Business Bank Account

When evaluating business bank accounts, consider the following:

• Fee Structure: Look for transparent pricing and a clear list of any potential fees.

• Interest Rates: High APY helps your money grow, even while it’s parked in your account.

• Integrated Tools: Accounting, bookkeeping, and cash management features can save you time and reduce errors.

• Customer Support: Fast, friendly, and knowledgeable support is a must.

• Security: Ensure your funds are protected by robust insurance and security measures.

Holdings checks all these boxes-plus, you get the added benefit of a platform that evolves with your business.

Why SMBs Deserve Better Banking

Small and medium-sized businesses are the backbone of the economy. You work hard, take risks, and drive innovation in your community. Your bank should be a partner, not an obstacle. That’s why Holdings was built-to give you a financial sidekick that helps you earn more, save more, and grow faster.

With Holdings, you get:

• Banking that pays you back: Up to 3.0% APY, zero fees, and rewards for your hard work.

• All-in-one financial hub: Banking, accounting, and bookkeeping in a single platform.

• Growth partner: Tools and support that scale with your business.

• Peace of mind: Up to $3M FDIC insurance and dedicated support.

Ready to Experience Banking Without the Fees?

Imagine what your business could do with the money you’re currently spending on bank fees. More marketing? New hires? Better equipment? Holdings puts those dollars back in your pocket, so you can focus on what matters most-building your business.

It’s time to say goodbye to hidden fees and hello to a smarter way to bank.

Get Started with Holdings Today

• Open your free business bank account in minutes-no paperwork, no hassle.

• Start earning high interest on every dollar, with no minimums.

• Enjoy integrated accounting and bookkeeping tools that make financial management a breeze.

• Experience customer support that treats you like a partner, not a number.

Conclusion: Banking, Simplified for SMBs

Business banking shouldn’t be complicated or costly. With Holdings, you get a modern, transparent, and truly fee-free experience designed for the realities of running a business today. No more surprise charges, no more complex fee schedules-just straightforward banking that helps your money work as hard as you do.

Ready to make the switch? Holdings is your financial sidekick-here to help you grow, save, and succeed.

Your business hustle deserves banking that works just as hard. That’s why Holdings offers up to 3.0% APY while traditional banks offer... well, basically nothing. Imagine banking that doesn’t nickel and dime you to death.