Free Bank Fee Savings Calculator
How Much Are You Paying in Bank Fees?
Enter your current banking costs and see what you'd save with Holdings — free business banking with no hidden fees.
Most small businesses pay $200-$500+ per year in bank fees they don't realize they're paying — monthly maintenance, transaction charges, wire fees, minimum balance penalties. Add accounting software on top and it's even more. This calculator breaks down exactly what you're spending and shows how much you'd save with Holdings' free business banking.
How to Calculate Your Bank Fee Savings
- 1
Enter your monthly bank fees
Add each fee type: maintenance, transactions, wires, ACH, ATM, overdraft, and minimum balance penalties. Check your last bank statement for exact amounts.
- 2
Add your accounting software cost
QuickBooks, Xero, FreshBooks — whatever you pay monthly for bookkeeping. Holdings includes this for free.
- 3
Click Calculate
See your total monthly and annual costs, side-by-side comparison with Holdings ($0), and what your savings could buy.
- 4
Share with your partner or accountant
The results make a strong case for switching. Send the link to your business partner or CPA.
Why Businesses Switch to Holdings
$0 monthly fees — forever
No maintenance fees, no minimum balance requirements, no surprise charges. Free business checking, period.
Built-in bookkeeping
Auto-categorize transactions, generate P&L reports, and track expenses — no QuickBooks subscription needed.
Free ACH & wires
Send and receive ACH transfers and domestic wires at no cost. Most banks charge $15-$50 per wire.
Unlimited sub-accounts
Organize your money by purpose (taxes, payroll, savings) with dedicated sub-accounts at no extra cost.
Frequently Asked Questions
How much do small businesses pay in bank fees?
The average small business pays $200-$500 per year in bank fees including monthly maintenance ($10-$30/mo), wire fees ($15-$50 each), and minimum balance penalties. Add accounting software ($30-$200/mo) and the total can exceed $3,000/year.
Is Holdings really free?
Yes. Holdings offers free business checking with $0 monthly fees, $0 ACH transfers, $0 domestic wires, and built-in accounting. There are no hidden fees or minimum balance requirements.
What's the catch with free business banking?
Holdings makes money through interchange (a small fee merchants pay when you use your debit card) and premium features for larger businesses. The core banking and accounting is genuinely free for small businesses and nonprofits.
Can I switch banks easily?
Yes. Holdings helps you transition with direct deposit switching, automatic bill pay migration, and customer support throughout the process. Most businesses are fully switched within 2-3 weeks.
Like this tool? Holdings does it automatically.
Free business banking with built-in accounting. Auto-categorize expenses, generate P&L reports, and manage sub-accounts — all in one platform. Zero fees.
Try the Free Demo →