Can you provide a citation on that one? I've never heard of such an absurd issue.

The closest I can think of is when a bank tried to charge my son for using their coin counting machine because he didn't have an account there (he's a minor, but I had an account).

Many business accounts have a monthly allowance of free cash deposits, but the standard fee is 30¢ per $100.

https://www.bankofamerica.com/salesservices/smallbusiness/re...

https://www08.wellsfargomedia.com/assets/pdf/small-business/...

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.

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/Ac...

Consumer banking is a very different beast to business banking.

It’s not absurd - the bank has to spend money to move depositors’ cash. This is a standard part of a commercial banking relationship