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If you are looking for industry average revenue numbers to plug into a business case, BAI and PSI Global published useful numbers in their March 1998, Profiting from Change in the U.S. Payments Industry (Table 1). Although somewhat dated now, its still a useful starting point. For a better understanding of how the numbers were derived, we recommend purchasing the 85-page BAI study at (312) 683-2464, or www.bai.org/profiting cost is $150 for members, $250 for non-members.
Table 1 Bank Payment System Revenue1 (U.S.)
billions of dollars (except per household)
| Type |
Total (billions) |
Per HH2 |
% of Total |
| Fees | |||
| checking fees, total |
$21.2 |
$212 |
27% |
| monthly and per item fees |
$9.1 |
$91 |
12% |
| NSF/OD fees |
$8.1 |
$81 |
10% |
| check printing charges |
$4.0 |
$40 |
5.1% |
| money orders, cashier checks |
$0.6 |
$6 |
0.8% |
| ATM fees |
$2.2 |
$22 |
2.8% |
| ACH, wire fees |
$0.9 |
$9 |
1.2% |
| com’l services such as lockbox |
$0.7 |
$7 |
0.9% |
| EBT transactions |
$0.7 |
$7 |
0.9% |
| correspondent processing |
$1.0 |
$10 |
1.3% |
| misc. |
$0.1 |
$1 |
0.1% |
| Total |
$27 |
$270 |
35% |
| Checking account interest |
|
|
|
| interest spread consumer checking |
$27 |
$270 |
35% |
| interest spread com’l checking |
$24 |
$240 |
31% |
| Total |
$51 |
$510 |
65% |
| Grand Total |
$78 |
$780 |
100% |
Source: BAI/PSI Global, 3/98
1Does not include credit card fees and interest which we consider
to be part of the business case for consumer lending
2Assumes 100 million U.S. households and that fees charged to
businesses are directly passed on to U.S. consumers
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