Average Monthly Balance Calculator

Introduction: The Average Monthly Balance Calculator helps you determine the average balances based on your starting and ending balances over a specified period.

Formula: The Average Monthly Balance is calculated as the average of the starting and ending balances. The Average Daily Balance is derived by dividing the Average Monthly Balance by the number of days in the month.

How to Use:

  1. Enter the number of days in the month (28 to 31).
  2. Input the starting balance.
  3. Input the ending balance.
  4. Click the “Calculate” button.
  5. View the calculated Average Monthly and Daily Balances.

Example: For a 30-day month with a starting balance of $2000 and an ending balance of $2500, the calculator will display an Average Monthly Balance of $2250 and an Average Daily Balance of approximately $75.


  1. Q: Why is Average Monthly Balance important? A: Average Monthly Balance is crucial for assessing account performance and may impact certain banking services and fees.
  2. Q: How does this calculator benefit me? A: This calculator provides insights into your account balances, helping you manage finances effectively and avoid unnecessary fees.
  3. Q: Can this be used for any type of account? A: Yes, the Average Monthly Balance Calculator is versatile and applicable to various account types, including savings and checking.

Conclusion: Optimize your financial planning by using the Average Monthly Balance Calculator. Gain a clear understanding of your account balances and make informed decisions about managing your finances.

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