Simple Change, Big Saving on Banking Fees 

June 24, 2025

Client Profile:
A construction company in business for 10+ years, issuing approximately 100 transactions (credit and debits) per month was referred to ASA Consulting Inc. We reviewed their activities and helped them switch their account type to save money and improve their bottom line.

Issue:

Existing Banking Fees: $6 Monthly + $1 per transaction

Average Monthly Banking Fees: $6 + $100 = $106/month, $1,272/Year, $12,720/10 Years

Client was NOT aware of his account option or properly advised by the bank. 

Solution:
ASA Consulting Inc. putting our experience to work advised the client to change the account type to a fixed fee of $40.00/month that allows up to 100 transactions monthly.

A cost saving of, $66/month, $792/Year, $7,920/10 Years

62% fee reduction which is a huge win for a small business

The benefits was  easy and included:


Conclusion:

This example highlights the importance of using an independent advisor to review your banking arrangements, especially for businesses with long-standing banking relationships.

Are you looking to reduce operational costs?

ASA Consulting Inc. would be pleased to review your banking arrangements identifying solutions to reduce your banking fees & optimize the use of your operating funds. 

Contact ASA Consulting Inc. to learn how we can help your organization make smarter financial decisions and improve your bottom line.

Results may vary depending on individual financial circumstances, market conditions, and the policies of financial institutions. ASA Consulting Inc. does not provide legal or tax advice. Please consult your financial advisor, accountant, or legal counsel before making financial decisions.