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Many business accounts have a monthly allowance of free cash deposits, but the standard fee is 30¢ per $100. https://www.bankofamerica.com/salesservices/smallb

• marklubi 3y ago
  Thanks for the details. While I think it's ridiculous, a 0.3% fee for over $20k in deposited cash per month doesn't sound unreasonable for handling risk. Personally, I wouldn't be banking with either of those companies because I think they just exist as parasites. Find a good credit union.
  • ejstronge 3y ago
    It’s not absurd - the bank has to spend money to move depositors’ cash. This is a standard part of a commercial banking relationship
  • shapefrog 3y ago
    UK banks are 1.2% for human / 0.6% to use the machine - no free amount. https://www.barclays.co.uk/content/dam/documents/business/Accounts/BAR_9918661_0922_WCAG.pdf https://www.barclays.co.uk/content/dam/documents/business/Ac... Consumer banking is a very different beast to business banking.