8 banks and credit unions have branches in Forest. The Bank Fee Index holds published fees for 6 of them.
The count includes institutions based elsewhere that have a branch here.
Largest gap from Virginia
Forest counts institutions with a branch here, wherever headquartered. Virginia counts institutions headquartered in the state.
Forest
5 institutions with a branch here
$12
Virginia
36 institutions headquartered in Virginia
$7.99
U.S.
1,903 institutions in the index
$7
Chosen as the fee whose Forest median sits furthest from Virginia's in percentage terms, among fees at least 5 local institutions publish.
Pick a fee to compare Forest with Virginia and the U.S. Each amount below links to the fee schedule it was read from, and an empty cell says why.
Three published overdraft fees: $35–$36.
Medians for reference: Virginia $30 · U.S. $30
Local median not shown; five institutions required.
8 institutions, 3 with a published overdraft fee.
Bank · based in Altavista, VA · 2 branches here
Bank · based in Sioux Falls, SD · 1 branch here
Account not yet known
“Our overdraft fee for Consumer checking accounts is $35 per item (whether the overdraft is by check, ATM withdrawal, debit card transaction, or other electronic means), and we char”
Bank · based in Forest, VA · 1 branch here
Bank · based in Lebanon, VA · 1 branch here
Bank · based in Lynchburg, VA · 1 branch here
Bank · based in Charlotte, NC · 1 branch here
Account not yet known
“• Truist will charge you an Overdraft Fee, if applicable, of $36 each time we pay an overdraft on your behalf.”
Bank · based in Richmond City, VA · 1 branch here
Credit union, membership rules apply · based in Lynchburg, VA · 1 branch here
Account not yet known
“Overdraft Privilege Fee $35.00 per occurrence”
Largest banks by local bank deposits
Share of the $1.2 billion in bank deposits at branches here, FDIC Summary of Deposits 2026. Credit unions report no deposits by branch.
County context: Bedford County
Deposits and branches cover the City of Forest. Population and income cover Bedford County, the county with most of Forest'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 Bedford County.
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