Business banking

[altyfc]

Those of you with business bank accounts, how does your bank charge you?

Do they charge you monthly or per transaction? Did you negotiate any kind of deal with them in advance of opening an account?

Aaron
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[Money-Helper]

I get charged a fee if I go under five thousand dollars in any month then I pay processing for every deposit and fees on checks written if I write over 40 per month. The account also earns interest so the interest pretty much pays for the fees.

[altyfc]

"I get charged a fee if I go under five thousand dollars in any month"

That sounds a little unusual. So basically they're trying to ensure you keep a healthy balance, so that they can make money off the interest in your account?
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[Money-Helper]

Well there were options - the higher balance account offers less in fees but also offers interest on the balance - had I gone with a lower balance account I would be charged more for checks and deposits, etc. It's not at all unusual from the several banks I looked into.

[altyfc]

What country are you based in, Money-Helper?

The US...?
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