9 banks and credit unions have branches in Melrose. The Bank Fee Index holds published fees for 8 of them.
The count includes institutions based elsewhere that have a branch here.
Largest gap from Massachusetts
Melrose counts institutions with a branch here, wherever headquartered. Massachusetts counts institutions headquartered in the state.
Melrose
5 institutions with a branch here
$2.50
Massachusetts
59 institutions headquartered in Massachusetts
$1.50
U.S.
1,651 institutions in the index
$1.50
Chosen as the fee whose Melrose median sits furthest from Massachusetts's in percentage terms, among fees at least 5 local institutions publish.
Pick a fee to compare Melrose with Massachusetts and the U.S. Each amount below links to the fee schedule it was read from, and an empty cell says why.
Published amounts here run from $10 to $37.
Median published overdraft fee
Melrose
6 institutions with a branch here
$29.50
Massachusetts
81 institutions headquartered in Massachusetts
$30
U.S.
2,605 institutions in the index
$30
Melrose covers every institution with a branch here, wherever it is headquartered. Massachusetts covers institutions headquartered in the state. U.S. covers every institution in the Bank Fee Index.
9 institutions, 6 with a published overdraft fee.
Bank · based in Boston, MA · 1 branch here
Account not yet known
“Overdraft Fee: Standard overdraft fee $37*”
Bank · based in Charlotte, NC · 1 branch here
Account not yet known
“Overdraft Items | Overdraft Item Fee | $10.00 each item”
Bank · based in Cambridge, MA · 1 branch here
Account not yet known
“Paid Item $25”
Bank · based in Wilmington, DE · 1 branch here
Account not yet known
“$35 fee per overdraft”
Bank · based in Rockland, MA · 1 branch here
Bank · based in Wilmington, DE · 1 branch here
Account not yet known
“Insufficient Funds Fee – Item Paid | $15”
Bank · based in Woburn, MA · 1 branch here
Bank · based in Reading, MA · 1 branch here
Credit union, membership rules apply · based in Chelsea, MA · 1 branch here
Account not yet known
“- Paid NSF Fee (Courtesy Pay, Courtesy Pay Plus- Applies to Checking Accounts | $34.00”
Largest banks by local bank deposits
Share of the $1.1 billion in bank deposits at branches here, FDIC Summary of Deposits 2026. Credit unions report no deposits by branch.
County context: Middlesex County
Deposits and branches cover the City of Melrose. Population and income cover Middlesex County, the county with most of Melrose's bank branches, not the city alone. This is background. None of it sets or explains a fee.
Bank deposits
Change at branches here, 2021 to 2026
Bank branches
Change in branch count, 2016 to 2026
Population
Change between the 2022 and 2024 Census estimates
Median household income
Census estimate, 2024
Deposits and branches: FDIC Summary of Deposits, 2026 and earlier years. Population and income: Census American Community Survey 5-year estimates for Middlesex County.
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