Merchants State Bank

Headquarters: Freeman, South Dakota
Charter: Bank
Assets: $219.6M
Fed district: Minneapolis

10 published fees; none has a market median to compare yet.

Source: its fee schedule, read Nov 1, 2026.

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Fees against the market

Comparison with U.S. medians for fees published by banks and credit unions.

Monthly Maintenance
Interest-Bearing Checking
Merchants State Bank: $5
Merchants State Bank: $5
U.S. median: no median
Overdraft (OD)
Merchants State Bank: $30
Merchants State Bank: $30
U.S. median: no median
NSF / Returned Item
Merchants State Bank: $30
Merchants State Bank: $30
U.S. median: no median

A blank median means fewer than 5 publish the fee.

Published schedulesBanks and credit unionsRead Nov 1, 2026View sources

Each amount links to the fee schedule it was read from. Medians for South Dakota, the Minneapolis district and the U.S.: Bank Fee Index published fees, shown where at least 5 institutions publish the fee.

Compared at: The value this page compares: its one price, or the middle of its prices when it lists several (the highest, its standard fee, for overdraft).
Same rules: Its fees and every median use the same rules. Business-only fees are left out. So are CD, IRA, card inactivity, box drilling and key fees filed under a fee they don’t match, and fees charged by a different period than the median (a quarterly fee beside monthly ones).
South Dakota: Banks and credit unions headquartered in South Dakota that publish the fee.
Minneapolis district: Banks and credit unions headquartered in the Minneapolis Fed district that publish the fee.
U.S.: Banks and credit unions across the Bank Fee Index that publish the fee.
About the same: Within 1% of the median.
Account: Fees not tied to a named account apply across its personal accounts.

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Published fee schedule

Amounts from Merchants State Bank’s own schedules, with a source for each figure.

Account Maintenance

Service charge$5
Account Research$20
Not compared: Charged per hour; comparison unavailable
per hour

Overdraft & NSF

Overdrafts & Non-sufficient Funds Charges$30
per item
Overdrafts & Non-sufficient Funds Charges$30
per item
Continuous Overdraft Fee$30
Overdraft Daily Cap (audience not stated, treated as personal)$150
per day · Maximum per day

ATM & Card

Out of Network ATM Fees$1.25
per item

Wire Transfers

Wire Fees: (Domestic)$75

Check Services

Cashiers Checks$5
Stop Payments$10
per item

Other Fees

Faxes$1
per item

Fee	Amount	Basis	Note
Account Maintenance
Service charge	$5	Not stated	None
Account Research	$20Not compared: Charged per hour; comparison unavailable	per hour	None
Overdraft & NSF
Overdrafts & Non-sufficient Funds Charges	$30	per item	None
Overdrafts & Non-sufficient Funds Charges	$30	per item	None
Continuous Overdraft Fee	$30	Not stated	None
Overdraft Daily Cap (audience not stated, treated as personal)	$150	per day	Maximum per day
ATM & Card
Out of Network ATM Fees	$1.25	per item	None
Wire Transfers
Wire Fees: (Domestic)	$75	Not stated	None
Check Services
Cashiers Checks	$5	Not stated	None
Stop Payments	$10	per item	None
Other Fees
Faxes	$1	per item	None

Audience not stated on the bank’s schedule; treated as personal. Fees may differ for business or commercial accounts. How audience is decided

Correct a fee source

Nov 1, 2026 data snapshot. Each amount links to its fee schedule. The U.S. comparison is the middle 50% of Bank Fee Index published fees, shown where at least 5 institutions publish the fee.

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