Most finance teams do not ignore bank fees on purpose. The statements arrive. The totals look familiar. Then the business grows, adds an entity, opens another account for a project, or inherits a merchant setup from an acquisition. The fees keep moving with the activity, and nobody has time to challenge them expertly.
That is how “we pay what we pay” becomes the default.
A useful fee review does three things. First, it maps what you actually use: accounts, channels, payment methods, cards, FX and merchant services. Second, it lines that usage up against fees, charges and product fit, not just the rate card. Third, it turns findings into a conversation the bank can act on, with clear asks and a sense of what “good” looks like for a business of your shape.
You do not need a full RFP to start. You need a clean view of cost drivers, a short list of practical priorities, and someone who can translate bank speak into decisions your CFO and board can follow.
If your banking setup has not been reviewed in a few years, or it grew organically across entities, a focused Bank Cost and Fee Review is usually the lowest-friction place to begin.