Every cent counts, especially when you are starting a small business. It is always a pain to lose money to unnecessary fees. To make things worse, the price of bank fees have been steadily increasing over the years. In 2019, the average overdraft fee in the US was $33.36, 67% higher than the average overdraft fee in 2000 ($20). The average ATM fee in 2019 ($3.09) reached a record high for the 15th year in a row and was 2% higher than the year before.