I just got a e-mail ad for Harbor Freight, and there is a MUST BUY item in there (I'm not a shill.)
They list a bandfile for $20, with a 10% discount coupon to boot, making the thing sell for $18. This appears to be built on the same frame as their popular 4 or 5" grinders, but instead of a wheel, it uses a belt about an inch wide and (maybe) 20" around.
I used to have a Black and Decker version of this, which cost a couple of hundred bucks. I also have a Milwaukee version, which works very well, which wasn't cheap, either. If you do much small steel fabrication by cutting and welding, you will find this little tool extremely valuable.