Bancoli has only one monthly fee, US$29, and applies only to accounts in the Starter plan.
There are two ways to avoid the monthly fee in the Starter membership tier:
Option 1: Accounts with an average monthly balance of more than US$10k per month or equivalent in another currency.
For example, an account with 15 days of US$5k balance and 15 days of US$9k balance has an average monthly balance of US$7k.
We give a 14-day ramp-up period, which means we don't count the first 14 days of balance, so you can start giving your new details to your clients to receive incoming payments and make deposits to your account.
Option 2: Accounts that make payments to other Bancoli businesses, settled on Bancoli.com invoices.
If you pay invoices issued on Bancoli.com totaling more than US$10k/month, you can also eliminate your monthly fee.
Important: the above benefits cannot be combined. You must meet the criteria for Option 1 or Option 2 separately.