Bank Fee Audit Tool
Estimate your monthly and annual bank fees, see where they come from, and identify savings opportunities.
Account fees
Overdraft & penalty fees
Analysis options
Bank fee formulas
1. Monthly fees
Monthly fees =
Monthly maintenance
+ ATM fees
+ Wire/transfer fees
2. Annual fees
Annual fees =
(Monthly fees × 12)
+ (Overdraft count × Overdraft fee)
+ Other penalty fees
3. Horizon fees
Total fees over horizon =
Annual fees × Years horizon
The tool applies these formulas to show how small monthly fees compound into large long‑term costs.
How to use your bank fee audit
Bank fees often feel small in the moment but add up over time. This audit helps you see the long‑term impact of maintenance fees, ATM charges, overdrafts, and penalties.
Common fee sources
- Monthly maintenance fees for not meeting minimum balance or direct deposit requirements.
- Out‑of‑network ATM fees and foreign transaction fees.
- Overdraft and NSF (non‑sufficient funds) fees.
- Wire transfer and cashier’s check fees.
Worked example
Suppose you pay $12 in maintenance fees, $6 in ATM fees, and $5 in wire fees per month, have 3 overdrafts per year at $35 each, and $40 in other penalties:
- Monthly fees = 12 + 6 + 5 = $23.
- Annual fees = (23 × 12) + (3 × 35) + 40 = 276 + 105 + 40 = $421.
- Over 5 years, total fees ≈ 421 × 5 = $2,105.
Seeing fees in multi‑year terms can make switching banks or changing habits feel more urgent and worthwhile.
Frequently Asked Questions
Does this tool connect to my bank?
No. You enter fee estimates manually from your statements. This keeps the tool simple and private.
How accurate are the estimates?
Accuracy depends on your inputs. Use several months of statements to get realistic averages.
Can I export my fee audit?
Yes. Use Export CSV to download a summary you can store or share.
Is this financial advice?
No. It’s an educational tool. Consult a financial professional for personalized guidance.
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Information on this site is for educational purposes only and is not financial, tax, or legal advice. Calculations are estimates and may not reflect actual results. See our Privacy Policy and Disclaimer.