Fee Schedule

What’re the cost and fees for your service?

What is Painless1099's Active Month Pricing?

We know that being self-employed can come with some fluctuation in your income, so we designed our pricing to flex with you. Your Painless account costs $10/month for any month that your account has deposit activity. If you didn’t put any money into Painless1099 any given month, you don’t pay for it that billing period. We like this simple billing approach because the last thing you should have to deal with is paying for a tool when you're not using it. 

Additional Service Fees

There are no setup fees or minimums. There are, however, a few edge cases where we do have to charge a fee. Our users almost never encounter these fees, but they are described in more detail below. 

Item Fee (in US Dollars)
Account Activation No Charge
Monthly Service Fee No Charge
Close Account Fee No Charge

Legal judgment involving the funds in your account

These fees are charged to cover the bank’s costs. It is unlikely you will encounter these with Painless1099.

Item Fee (in US Dollars)
Legal Processing $100
Writ Processing $100
This is charged to cover bank costs and applies if there is a legal judgment that involves money in your account.
Faxing $0.50
This covers the faxing of documents in the event of legal action.
Research $30/hr



These are fees documented by our banking partner that you will never pay as a Painless1099 user, because of the way we have set up our product, but we wanted you to know about them anyway.

Item Fee (in US Dollars)
Inactivity Fee $5/month
Our partner bank charges a fee for accounts inactive for longer than 12 months. If you leave your Painless1099 account inactive after 9 months, we will contact you about reactivating it. By the end of the eleventh month, we will send the remaining funds to your personal bank account on file and close your Painless1099 account before this fee accrues.
Overdraft $35
Painless1099 will prevent you from withdrawing more money than what is available in your account by default.


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