Fees vs. Value: The $10.99 Cap
By The Keel Team
At Keel, we believe that the cost of managing your money should never be a source of stress. Many traditional financial services providers hide their costs in complex interest rates or high monthly subscriptions.
We've taken a different path. We don't charge a subscription fee. Instead, we use a simple, transactional model that is designed to stay affordable — no matter how many bills you smooth.
1. The Transparent Tier System
Our fees are based on the size of the bill we are managing, and they are split into three clear tiers:
- Small Bills (Under $50): $0.50
- Medium Bills ($50 – $249.99): $1.00
- Large Bills ($250 and over): $2.00
All fees are inclusive of GST.
2. The $10.99 Monthly Cap
We know that some months are busier than others. You might have 12 bills due in November but only 3 in December.
To ensure Keel remains accessible for every household, we have implemented a Cap of $10.99 per month. Once your total fees for the month hit $10.99, fee collections for the remainder of the month will stop.
This is designed to give complex households with dozens of active smoothed bills the certainty that their fee costs remain capped at a predictable, transparent amount.
3. Fractional Collection: How You Pay
In keeping with our Smoothing philosophy, we don't hit you with a separate fee transaction. Instead, the fee is collected fractionally as part of your Smart Contribution.
Why This Model?
We don't believe in "hidden" costs. We don't make money from your debt, and we don't sell your data. We charge a small, transparent fee for the service of calculating, storing, and executing your payments. It's that simple.