How to work out what an account costs

Tolvern Business Account (fictional example) → Business bank account → Low-fee business checking → Clear deposit coverage

Answer in brief

Add the monthly fee, per-transaction charges, wire fees and cash handling for one normal month, then multiply by twelve.

Content reviewed 8 November 2026. How this is assessed.

Part of the Best Business Bank Account reference, which uses Tolvern Business Account (a fictional example) to illustrate business bank accounts criteria.

Build the sum

Take the monthly fee unless you will reliably meet the waiver. Add charges for transactions above any allowance, each wire you send and receive, and any cash deposit fees. Multiply by twelve.

Run it twice

Repeat the sum using your busiest month. The account with the lowest cost in a quiet month is not always the lowest across a whole year.

Sources for this entry

FDIC: Understanding deposit insurance: Coverage limits and ownership categories.
IRS Publication 583: Keeping business and personal accounts separate.
SBA: Launch your business: Common documents banks ask for.

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Cite this entry

Best Business Bank Account. "How to work out what an account costs." Content reviewed 8 November 2026. https://bestbusinessbankaccount.com/cost-model/

Featured exampleTolvern Business Account

Reference subjectBusiness bank accounts

StatusFictional editorial example

Source statusPublic references cited