compare-bank-fees

name	compare-bank-fees
category	money
description	Compare bank account fees using actual transaction behavior, balances, currencies, waivers, interest, and switching costs. Use when choosing between business or personal banking options.

compare-bank-fees

Model the account you will actually use.

When to use

• Use for transaction, cash-management, foreign-exchange, card, deposit, or transfer fee comparisons.
• Verify current official terms and local protections before acting.

Procedure

1. Define account use, country, currencies, monthly balances, deposits, transfers, cash, cards, international activity, and support needs.
2. Obtain dated official fee schedules, rate sheets, eligibility, waivers, limits, and notice terms.
3. Normalize monthly, annual, per-item, percentage, spread, penalty, and third-party fees.
4. Model representative low, normal, high, and international-use months.
5. Include interest or earnings only under realistic balances and rates.
6. Compare service, access, insurance or protection, integration, holds, and switching effort separately from price.
7. Test waiver failure, rate change, overdraft, foreign exchange, and unusual transaction scenarios.
8. Cite sources and state expiry and uncertainty.

Done

• A comparison sheet records official sources, dates, usage assumptions, fees, rates, waivers, limits, and nonprice factors
• Scenario calculations verify annualized cost and expose fee triggers, spreads, rate sensitivity, and switching assumptions