8 banks and credit unions have branches in Galax. The Bank Fee Index holds published fees for 7 of them.
The count includes institutions based elsewhere that have a branch here.
Largest gap from Virginia
Galax counts institutions with a branch here, wherever headquartered. Virginia counts institutions headquartered in the state.
Galax
5 institutions with a branch here
$0
Virginia
61 institutions headquartered in Virginia
$30
U.S.
2,857 institutions in the index
$30
Chosen as the fee whose Galax median sits furthest from Virginia's in percentage terms, among fees at least 5 local institutions publish.
Pick a fee to compare Galax with Virginia 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 $25 to $38.
Median published overdraft fee
Galax
5 institutions with a branch here
$35
Virginia
60 institutions headquartered in Virginia
$30
U.S.
2,605 institutions in the index
$30
Galax covers every institution with a branch here, wherever it is headquartered. Virginia covers institutions headquartered in the state. U.S. covers every institution in the Bank Fee Index.
8 institutions, 5 with a published overdraft fee.
Bank · based in Independence, VA · 2 branches here
Bank · based in Martinsville, 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 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 Raleigh, NC · 1 branch here
Account not yet known
“| • Overdraft fee (item paid) … $25.00”
Bank · based in Blacksburg, VA · 1 branch here
Account not yet known
“Overdraft Item Charge (per item) | $38.00”
Bank · based in The Woodlands, TX · 1 branch here
Account not yet known
“One (1) $32 overdraft (OD) item fee is charged for each item that is paid.”
Credit union, membership rules apply · based in Durham, NC · 1 branch here
Largest banks by local bank deposits
Share of the $476 million in bank deposits at branches here, FDIC Summary of Deposits 2026. Credit unions report no deposits by branch.
County context: Galax city
Deposits and branches cover the City of Galax. Population and income cover Galax city, the county with most of Galax'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 Galax city.
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