Richmond Fed · District 5

Bank fees in the Mid-Atlantic and Carolinas

The overdraft median is $0.50 above the national median; NSF is about the same.

of 559 banks and credit unions have verified fee schedules: 283
fee medians sit within the national middle range: 14 of 14

Data refreshed Nov 2, 2026Get the free district report

Against the U.S.

4 of 14 district medians sit above the U.S. median

Other notable differences from the U.S.

Deposited item return: $20 median, versus $15 nationally ($5 higher, 33%).
Outgoing domestic wire: $20 median, versus $25 nationally ($5 lower, 20%).
Outgoing international wire: $45 median, versus $50 nationally ($5 lower, 10%).

Overdraft (OD)

$30.50

Median of 186 Richmond district institutions. U.S. $30.

Richmond district institutionsNational middle range

Garnishment/Levy186 institutionsIn Hamilton
Check Image/Copy185 institutionsIn Hamilton
Dormant Account182 institutionsIn Hamilton
Document Reproduction168 institutionsIn Hamilton
Early Account Closure124 institutionsIn Hamilton

Plus 29 more Richmond district fees. See them in Hamilton

Method: Findings rank only fees with at least 10 Richmond district institutions. Fees with fewer appear in the list, unranked. The national middle range runs from the 25th to the 75th percentile of U.S. institutions.

Banks and credit unions

Credit unions have lower medians on 11 of 14 fees

Each tile is one fee. Pick one to see both medians.

lower at credit unions: 11
lower at banks: 2
about the same: 1

14 fees with both a bank and a credit union median in the Richmond district.

Lower at credit unions

Lower at banks

About the same

Fee

Overdraft (OD)

Credit unions $5 lower in the Richmond district.

$35

Banks

median of 53

$30

Credit unions

median of 133

Two fees with lower bank medians

Debit Card Replacement

Banks

median of 52

$10

Credit unions

median of 156

Deposited Item Return

$10

Banks

median of 43

$25

Credit unions

median of 96

Every fee, banks against credit unions

Bank and credit union medians in the Richmond district; the lower median is shaded.
Fee	Banks	Credit unions	Difference
Overdraft (OD)	$35	$30	$5
NSF / Returned Item	$32	$30	$2
Monthly Maintenance	$8.49	$6	$2.49
Non-Network ATM	$1.75	$1.50	$0.25
Wire Transfer (Domestic Out)	$25	$20	$5
Wire Transfer (Int'l Out)	$50	$45	$5
Stop Payment	$35	$29.50	$5.50
Cashier's Check	$7.75	$5	$2.75
Debit Card Replacement	$5	$10	$5
Deposited Item Return	$10	$25	$15
Wire Transfer (Domestic In)	$15	$10	$5
Paper Statement	$3	$3	Same
OD Protection Transfer	$5	$4	$1
Minimum Balance	$5.75	$5.50	$0.25

State by state

Overdraft medians run from $29 in North Carolina to $34 in Washington DC

Each card shows the same fee on one scale; the short upright line marks the district median. Pick a state for its detail.

Richmond district median, $30.50

Virginia

Virginia fee report →

Banks 56 · Credit unions 95: 151
With verified fees: 54%
Bank deposit service charges, latest quarter: $133.7M
Credit union fee income, latest quarter: $243.3M
Branches: 2,427
Unemployment, Sep 2026: 3.6%
Median household income: $93K

Virginia median Richmond district

Overdraft$30 vs $30.50
NSF$30 vs $30
Maintenance$7.99 vs $7.25
Out-of-network ATM$1.25 vs $1.50
Outgoing wire$25 vs $20

Compare all six states


32	56%	$34	$34	-	$639K	5.6%
87	69%	$31	$30	$6.48	$7.4M	3.9%
95	49%	$29	$25	$5	$1.4B	3.4%
87	45%	$32	$31	$7.98	$16.1M	4.0%
151	54%	$30	$30	$7.99	$133.7M	3.6%
106	36%	$30	$30	$8	$15.2M	4.0%

Source: Fee medians from verified published fee schedules, one value per institution; a median needs 5 institutions. Fee income from FDIC and NCUA call reports, branches from the FDIC Summary of Deposits and NCUA, unemployment from BLS, income from the Census ACS. Fee medians, institution counts and fee income in each state count only institutions inside the Richmond district; unemployment, income and branches cover the whole state. 1 Richmond district institutions are in parts of other states and count only in the district totals.

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District 5's headline fees against the U.S. in one free PDF, ready to share with your team.

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Fee income

Bank service charges rose 8.1% in a year

Credit union fee income is a wider measure than bank service charges, so the two charts stay separate and are never added together.

Banks: service charges on deposit accounts

$1.5BQ2 2026

+8.1% from Q2 2025

Credit unions: all fee income

$412.8MQ2 2026

+11.5% from Q2 2025

Source: Banks: service charges on deposit accounts, FDIC call reports. Credit unions: all fee income, NCUA call reports. Credit union year-to-date income is split into quarters; a quarter shows once most institutions have filed.

Who serves the district

The five largest banks hold 66% of bank deposits in the district's six states

559 banks and credit unions, with 6,861 bank branches and 2,255 credit union branches.

Bank of America, National Association29.6% · $431.2B across 405 branches
Truist Bank14.8% · $215.1B across 828 branches
Wells Fargo Bank, National Association9.1% · $132.3B across 594 branches
First-Citizens Bank & Trust Company7.5% · $108.9B across 351 branches
Capital One, National Association4.6% · $66.6B across 66 branches
Every other bank34.5% · $501.6B

57% of the 207 banks hold $100M to $1B in assets

FDIC asset-size groups

40% of the 352 credit unions hold $10M to $100M in assets

NCUA asset-size groups

Source: Institutions tracked by Fee Insight. Total assets from FDIC and NCUA data, grouped the way each regulator reports them: the FDIC asset-size groups for banks and the NCUA groups for credit unions. Bank deposits from the FDIC Summary of Deposits, 2026, counted for each whole state, even where the district line splits one; credit union branches from NCUA. Leading banks count banks with 10 or more branches here.

Economic context

U.S. prices for bank services rose 1.0% in a year

Bank services prices, 12 months to Sep 2026: +1.0%
U.S. unemployment, Sep 2026: 4.2%

“The Fifth District economy continued to grow at a moderate pace this cycle.”

Federal Reserve Beige Book, Richmond district, October 2026 Read it beside your fees in Hamilton

Bank services prices, change over 12 months

Sep 2021 to Sep 2026

Unemployment and income by state

State	Unemployment	Median household income
Washington DC	5.6%	$110K
Maryland	3.9%	$104K
North Carolina	3.4%	$72K
South Carolina	4.0%	$69K
Virginia	3.6%	$93K
West Virginia	4.0%	$60K

Source: BLS CPI for checking accounts and other bank services and BLS unemployment; Census ACS 2024 median household income; Federal Reserve Beige Book.

More district data: fee complaints and fee changes

Fee complaints to the CFPB, 2025

Per $1 billion of deposits.

District3.0
U.S.1.1

Too few matched institutions for a rate: Maryland (1), North Carolina (4), South Carolina (1), Virginia (7).

Source: CFPB Consumer Complaint Database, fee-related issues. Only institutions matched to their CFPB company record count, and a rate needs 10 of them.

Where does your institution sit?

Hamilton, the Fee Insight workspace, sets every fee you charge against institutions your size and in your district.

See Hamilton plans Or ask for a demo

From 283 Richmond district banks and credit unions' own published fee schedules, one value per institution; a median needs at least 5 institutions. Data as of Nov 2, 2026. How we build it

Fee

Banks

Credit unions

Difference

Overdraft (OD)

$35

$30

NSF / Returned Item

$32

$30

Monthly Maintenance

$8.49

$2.49

Non-Network ATM

$1.75

$1.50

$0.25

Wire Transfer (Domestic Out)

$25

$20

Wire Transfer (Int'l Out)

$50

$45

Stop Payment

$35

$29.50

$5.50

Cashier's Check

$7.75

$2.75

Debit Card Replacement

$10

Deposited Item Return

$10

$25

$15

Wire Transfer (Domestic In)

$15

$10

Paper Statement

Same

OD Protection Transfer

Minimum Balance

$5.75

$5.50

$0.25

State

$34

$31

$29

$32

151

$30

106

$30

State

Unemployment

Median household income

Washington DC

5.6%

$110K

Maryland

3.9%

$104K

North Carolina

3.4%

$72K

South Carolina

4.0%

$69K

Virginia

3.6%

$93K

West Virginia

4.0%

$60K