Monthly fee $4 check-processing fee of 20 cents, average of 23 checks written per month
That's expensive.
Do you have a question?
To calculate the monthly cost for check processing, you need to multiply the number of checks written per month by the check-processing fee and then add the monthly fee.
In this case, the monthly fee is $4 and the check-processing fee is 20 cents. The average number of checks written per month is 23.
First, calculate the total cost of the check-processing fee:
20 cents/check x 23 checks = $4.60
Next, add the monthly fee:
$4 + $4.60 = $8.60
Therefore, the monthly cost for check processing is $8.60.