Business bank accounts advertise low fees prominently and hide the expensive ones. Reading the full fee schedule reveals what actually costs money.
Monthly maintenance fees are visible but often waivable.
Transaction fees are less visible. Many accounts include a certain number of free transactions per month and charge for the ones above that.
Cash deposit fees appear at some banks. Depositing physical cash beyond a certain monthly threshold can trigger fees or percentage-based charges.
Wire transfer fees vary widely. International wires can cost fifty dollars each or more.
A practical companion breakdown is available at Understanding business bank accounts|Reviewing small business banking|Comparing business account fees|Analyzing company banking options|Independent business finance guidance|Practical business account advice|Comprehensive business banking overview|Choosing a business bank|Navigating merchant services|Evaluating business credit (Read the Full Write-up) for anyone wanting more depth.
Stop payment fees for canceled checks. Insufficient funds fees for Understanding business bank accounts|Reviewing small business banking|Comparing business account fees|Analyzing company banking options|Independent business finance guidance|Practical business account advice|Comprehensive business banking overview|Choosing a business bank|Navigating merchant services|Evaluating business credit bounced payments. Returned deposit fees when a customer's check bounces.
ATM fees for out-of-network machines.
Coin ordering fees for retail businesses.
Early account closure fees.
Read the full fee schedule before choosing. Ask about anything not clear. Many banks are willing to waive specific fees on request, Understanding business bank accounts|Reviewing small business banking|Comparing business account fees|Analyzing company banking options|Independent business finance guidance|Practical business account advice|Comprehensive business banking overview|Choosing a business bank|Navigating merchant services|Evaluating business credit especially for growing accounts.