Bank Fee Calculator UK
Total your monthly bank fees including account charges, overdraft fees, ATM costs and other banking charges to see annual cost.
Calculator
What this means
Bank fees can quietly add up. Account monthly fees, overdraft charges and ATM costs all reduce money available for saving or spending.
How to use this calculator
- Enter the fees you're charged (monthly account fees, transaction or overseas fees).
- Set how often each applies.
- See the total annual cost.
Worked example
A £10 monthly account fee plus occasional £5 overseas charges.
- £10 × 12 = £120 a year in account fees.
- Add any per-use charges on top.
The packaged account costs at least £120 a year in fees.
Who this is for
- Anyone with a packaged or fee-charging account.
- Frequent travellers paying overseas fees.
- People deciding whether an account's perks are worth it.
Are your bank fees worth it?
Packaged accounts charge a monthly fee in return for perks like insurance or breakdown cover. They're only worth it if you'd use and value those perks more than the annual cost.
Many free current accounts offer similar everyday banking. Overseas spending and ATM fees can also add up, so a fee-free travel card may save money abroad.
Frequently asked questions
Many banks waive fees if you pay in a minimum amount each month or hold a certain balance.
Fees vary widely. Some banks charge daily fees, others charge interest only. Check your account terms.
If fees are high, switching accounts or reducing overdraft use can save hundreds per year.
Only if you'd actually use the included perks (travel insurance, breakdown cover, etc.) and they'd cost more bought separately. Otherwise a free account is usually better value.
Use a card designed for travel that charges no foreign transaction fees, and avoid the option to pay in pounds abroad, which usually applies a poor exchange rate.
Disclaimer
This calculator provides estimates for guidance only. It is not financial, legal or tax advice. Always check official sources or speak to a qualified professional before making decisions.
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