United States Bank Fee Calculator

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Bank Fee Calculator United States

This page estimates the total amount banks earn from transaction fees in the US since you loaded this page.

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Wouldn't you rather keep the money in your pocket?

Cash Transaction Fees

This section estimates how much banks earn from cash transactions in the US.

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How Calculations Were Made for the US

To estimate the total fees banks earn from EFTPOS (card-based) and cash transactions in the United Kingdom, we followed these steps:

EFTPOS Transactions:
  • Average transaction fee: We assumed an average merchant service fee (MSF) of 1.5% for card-based transactions in the US. This is based on publicly available data about US card processing fees for businesses.
  • Average transaction value: The average value of a card transaction in the US is approximately $60, based on market analysis.
  • Transactions per day: An estimated 108 million card transactions occur daily in the US, derived from industry reports.
  • Fee calculation: The fee per transaction is calculated as $60 × 0.015 = $0.90. Total daily fees are then approximately $0.90 × 108,000,000 = $97.2 million.
  • Per-second fees: Dividing daily fees by the number of seconds in a day (86,400) gives an approximate earning rate of $1,125 per second.
Cash Transactions:
  • Average cost per cash transaction: Handling cash incurs costs (e.g., transportation, security, and processing). We assumed an average cost of $0.20 per transaction for simplicity.
  • Transactions per day: Approximately 35 million cash transactions occur daily in the US, based on current cash usage trends.
  • Fee calculation: Total daily fees are estimated as $0.20 × 35,000,000 = $7 million.
  • Per-second fees: Dividing daily fees by 86,400 seconds results in an earning rate of $81 per second.
Assumptions and Limitations:
  • Data is based on publicly available reports and market estimates for the US in 2025.
  • Actual fees may vary depending on the merchant, payment provider, and specific card type (e.g., credit vs debit).
  • Cash handling costs can differ by business size and sector.

The Hidden Cost of Electronic Transactions: How Banks Profit at Your Expense

In an era of digital convenience, banks are quietly steering you towards electronic transactions—and there's a critical reason why: massive profit potential.

The Fee Machine: Electronic Transactions

Banks have strategically positioned electronic transactions as the preferred payment method, not for your convenience, but for their bottom line. Every electronic transaction generates revenue through:

  • Merchant transaction fees
  • Interchange fees
  • Card processing charges
  • Account maintenance fees

The Real Cost: Paid By You

While electronic transactions seem seamless, you're actually paying a hidden tax. These fees:

  • Get passed directly to consumers through higher product prices
  • Reduce your purchasing power
  • Create a continuous revenue stream for financial institutions

The Privacy and Control Trap

As society moves towards 100% digital transactions, banks gain unprecedented power:

  • Complete transaction traceability
  • Potential for unlimited fee structures
  • Comprehensive financial surveillance
  • Easier taxation tracking

Cash: The Disappearing Alternative

Traditional cash transactions provide:

  • Financial privacy
  • No transaction fees
  • Direct economic exchange
  • Protection against digital tracking

Take back your financial autonomy. Understand the true cost of going cashless.

Why use cash?