Merchants Bank, National Association

Headquarters: Winona, Minnesota
Charter: Bank
Assets: $2.9B
Fed district: Minneapolis

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

Source: its fee schedule, read Nov 3, 2026.

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Fees against the market

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

NSF / Returned Item
Merchants Bank, National Association: $30
Merchants Bank, National Association: $30
U.S. median: no median
Non-Network ATM
Compared at $2.50, the middle of its prices
Merchants Bank, National Association: $1 to $3
Merchants Bank, National Association: $1 to $3
U.S. median: no median
Stop Payment
Merchants Bank, National Association: $30
Merchants Bank, National Association: $30
U.S. median: no median

A blank median means fewer than 5 publish the fee.

Published schedulesBanks and credit unionsRead Nov 3, 2026View sources

Each amount links to the fee schedule it was read from. Medians for Minnesota, 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).
Minnesota: Banks and credit unions headquartered in Minnesota 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 Bank, National Association’s own schedules, with a source for each figure.

Account Maintenance

New account closed within 180 days$30
Dormant account fee, per month$7
per month
Research fee, per hour$50
Not compared: Charged per hour; comparison unavailable
per hour

Overdraft & NSF

Insufficient funds/Nonsufficient$30
Automatic Overdraft Protection from Checking or Savings, per transfer$5
per item

ATM & Card

Automated Teller Machine (ATM), Foreign usage: withdrawal (ATM fee)$2.50
Non-Network ATM$3
Transfer (ATM transfer)$1

Wire Transfers

Wire transfer: - Incoming$10

Check Services

Cashier’s check, customers only$5
Certified check$20
Stop payment$30
Counter check$0.50
Collection item$30
Check Images (Free Checking)$2
Not compared: Monthly charge, not per item
per month

Cash & Deposit

Deposited item returned$10

Account Services

Notary service, non-customer$1
Safe deposit box drilling$200
Not compared: Box drilling or key fee
Levy/garnishment$100

Gift & Prepaid Cards

Visa Gift Card$3.50

Fee	Amount	Basis	Note
Account Maintenance
New account closed within 180 days	$30	Not stated	None
Dormant account fee, per month	$7	per month	None
Research fee, per hour	$50Not compared: Charged per hour; comparison unavailable	per hour	None
Overdraft & NSF
Insufficient funds/Nonsufficient	$30	Not stated	None
Automatic Overdraft Protection from Checking or Savings, per transfer	$5	per item	None
ATM & Card
Automated Teller Machine (ATM), Foreign usage: withdrawal (ATM fee)	$2.50	Not stated	None
Non-Network ATM	$3	Not stated	None
Transfer (ATM transfer)	$1	Not stated	None
Wire Transfers
Wire transfer: - Incoming	$10	Not stated	None
Check Services
Cashier’s check, customers only	$5	Not stated	None
Certified check	$20	Not stated	None
Stop payment	$30	Not stated	None
Counter check	$0.50	Not stated	None
Collection item	$30	Not stated	None
Check Images (Free Checking)	$2Not compared: Monthly charge, not per item	per month	None
Cash & Deposit
Deposited item returned	$10	Not stated	None
Account Services
Notary service, non-customer	$1	Not stated	None
Safe deposit box drilling	$200Not compared: Box drilling or key fee	Not stated	None
Levy/garnishment	$100	Not stated	None
Gift & Prepaid Cards
Visa Gift Card	$3.50	Not stated	None

Correct a fee source

Nov 3, 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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