More in Bank & Bill Fees
What this calculator does
Utility and rent payment sites often charge a convenience fee. Using free ACH or a bank transfer can save money.
The math
Annual cost = convenience fee × bills per month × 12.
Worked example
A $3.95 fee on 4 bills per month costs $189.60 per year.
Why this matters
Fees are often the fastest leak in a budget. This tool shows what a single fee costs over time and what to ask for instead.
Methodology and transparency
This page publishes the exact formula used to compute the result, so you can verify it in a spreadsheet or check the assumptions against your own situation. The worked example uses the tool default inputs; change any number and the result updates live in your browser. No data is sent or stored.
Common questions
Can I avoid convenience fees?
Often yes. Many billers offer free ACH or check payments.
Are credit card rewards worth the fee?
Rarely. Most rewards are 1–2%, while fees are often 3% or a flat dollar amount.