Chicago Fed · District 7

Bank fees in Michigan

Name: Michigan Bank and Credit Union Fees Compared
Creator: Fee Insight

Overdraft and NSF medians are $1 below the national median.

institutions with published feesof 241 headquartered in Michigan: 144
medians fall within the national middle 50%: 14 of 14

Data refreshed Nov 4, 2026

Get the free Michigan report

Local fee benchmarks

Grand Rapids's monthly maintenance median is $9; Michigan's is $5.98.

Monthly Maintenance median by market, institutions with a branch thereMichigan $5.98, 50 institutions

Michigan's 8 largest markets by institutions with a branch there; marker size follows that count. Every Michigan city on the map

Overdraft (OD)NSF / Returned Item Monthly Maintenance Non-Network ATM Stop Payment Wire Transfer (Domestic Out)Paper Statement Debit Card Replacement

Grand Rapids
18 institutions
$9
Michigan
50 institutions
$5.98
Chicago Fed district
230 institutions
$6
U.S.
1,901 institutions
$7

Who each median counts

Grand Rapids: With a branch in Grand Rapids, wherever headquartered
Michigan: Headquartered in Michigan
Chicago Fed district: Headquartered in the Chicago Fed district
U.S.: Every institution in the index

Grand Rapids

Fee data available for 39 of 58 institutions

Compare Grand Rapids fees

Sources: Branches from the FDIC Summary of Deposits (banks) and NCUA (credit unions). One value per institution: its highest overdraft fee, the middle of its schedule for other fees. A median needs at least 5 institutions.

Michigan's banks and credit unions

144 of the 241 institutions headquartered in Michigan have published fees here, and 144 of them have fees that count toward the medians on this page. Figures here count those headquartered institutions, except branches and deposits, which count every institution serving the state.

Banks versus credit unions

Credit unions have lower medians on 7 of 13 fees, among institutions headquartered in Michigan.

lower at credit unions: 7
lower at banks: 5
about the same: 1

13 fees with both a bank and a credit union median in Michigan.

Lower at credit unions

Lower at banks

About the same

Fee

Overdraft (OD)

Credit unions $5 lower in Michigan.

$34

Banks

median of 9

$29

Credit unions

median of 100

Five fees with lower bank medians

NSF / Returned Item

$27.50

Banks

median of 10

$29

Credit unions

median of 104

Monthly Maintenance

$5.50

Banks

median of 12

$5.98

Credit unions

median of 38

Debit Card Replacement

$7.49

Banks

median of 10

Credit unions

median of 92

Deposited Item Return

$7.50

Banks

median of 11

$15

Credit unions

median of 62

OD Protection Transfer

Banks

median of 5

Credit unions

median of 51

Every fee, banks against credit unions

Bank and credit union medians in Michigan; the lower median is shaded.
Fee	Banks	Credit unions	Difference
Overdraft (OD)	$34	$29	$5
NSF / Returned Item	$27.50	$29	$1.50
Monthly Maintenance	$5.50	$5.98	$0.48
Non-Network ATM	$2	$1.50	$0.50
Wire Transfer (Domestic Out)	$25	$25	Same
Wire Transfer (Int'l Out)	$50	$45	$5
Stop Payment	$32	$25	$7
Cashier's Check	$5	$3	$2
Debit Card Replacement	$7.49	$9	$1.51
Deposited Item Return	$7.50	$15	$7.50
Wire Transfer (Domestic In)	$15	$5	$10
OD Protection Transfer	$2	$3	$1
Paper Statement	$3	$2.50	$0.50

Fee medians by peer group

Institutions under $300M in assets in Michigan

Non-Network ATM runs $0.43 below the Michigan median.

Overdraft (OD)
Group median:
$28
of 60 institutions publishing
State median:
$29
of 109 institutions publishing
Difference: $1 below
NSF / Returned Item
Group median:
$28.50
of 64 institutions publishing
State median:
$29
of 114 institutions publishing
Difference: $0.50 below
Monthly Maintenance
Group median:
$5
of 15 institutions publishing
State median:
$5.98
of 50 institutions publishing
Difference: $0.98 below
Non-Network ATM
Group median:
$1.13
of 32 institutions publishing
State median:
$1.56
of 74 institutions publishing
Difference: $0.43 below
Wire Transfer (Domestic Out)
Group median:
$25
of 55 institutions publishing
State median:
$25
of 107 institutions publishing
Difference: Within 1%

Difference: the group median against the Michigan median, up arrow above, down arrow below. Colour shows direction only: above or below the median is not good or bad.

Show all 14

Wire Transfer (Int'l Out)
Group median:
$40
of 31 institutions publishing
State median:
$50
of 67 institutions publishing
Difference: $10 below
Stop Payment
Group median:
$25
of 68 institutions publishing
State median:
$27.25
of 126 institutions publishing
Difference: $2.25 below
Cashier's Check
Group median:
$3
of 49 institutions publishing
State median:
$3
of 101 institutions publishing
Difference: Within 1%
Debit Card Replacement
Group median:
$10
of 54 institutions publishing
State median:
$7.75
of 102 institutions publishing
Difference: $2.25 above
Deposited Item Return
Group median:
$15
of 36 institutions publishing
State median:
$15
of 73 institutions publishing
Difference: Within 1%
Wire Transfer (Domestic In)
Group median:
$5
of 28 institutions publishing
State median:
$5
of 58 institutions publishing
Difference: Within 1%
OD Protection Transfer
Group median:
$3
of 28 institutions publishing
State median:
$3
of 56 institutions publishing
Difference: Within 1%
Paper Statement
Group median:
$2
of 21 institutions publishing
State median:
$2.75
of 50 institutions publishing
Difference: $0.75 below
Minimum Balance
Group median:
$5
of 11 institutions publishing
State median:
$5
of 26 institutions publishing
Difference: Within 1%

How groups are counted

Each institution counts once: its highest overdraft fee, the middle of its schedule for other fees.
Size bands come from FDIC and NCUA total assets, bank regulator from the FDIC registry and credit union charter from NCUA.
The Michigan median counts every institution headquartered in the state that publishes the fee.

Source: Institutions headquartered in Michigan with verified fees, Bank Fee Index; size, regulator and charter from FDIC and NCUA records. A group median needs at least 8 institutions. Data as of Nov 4, 2026.

Who serves Michigan

The five largest banks hold 69% of bank deposits in Michigan. 241 banks and credit unions are headquartered here; 1,920 bank branches and 1,242 credit union branches serve the state, wherever headquartered.

JPMorgan Chase Bank, National Association21.3% · $64.4B across 171 branches
Fifth Third Bank, National Association18.6% · $56.3B across 308 branches
The Huntington National Bank12.5% · $37.9B across 299 branches
Bank of America, National Association9.5% · $28.8B across 72 branches
PNC Bank, National Association7.1% · $21.4B across 124 branches
Every other bank31.0% · $93.8B

65% of the 72 banks hold $100M to $1B in assets

FDIC asset-size groups

40% of the 169 credit unions hold $100M to $500M in assets

NCUA asset-size groups

Source: Institutions headquartered in Michigan, 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, for branches in Michigan; credit union branches from NCUA. Leading banks count banks with 10 or more branches in the state.

Fee income

Michigan bank service charges rose 15.2% from Q2 2025 to Q2 2026. 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

$20.0MQ2 2026

+15.2% from Q2 2025

Credit unions: all fee income

$141.8MQ2 2026

+7.7% from Q2 2025

Source: Institutions headquartered in the state. 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.

Free report

Get the free Michigan fee report

The Michigan medians against the U.S., sent to you and updated as schedules are verified.

Michigan versus the Chicago district

Higher in Michigan: deposited item return +⁠$5, non-network ATM +⁠$0.06. Lower in Michigan: wire transfer −⁠$5, debit card replacement −⁠$2.25, cashier's check −⁠$2 and 6 more. The other 3 fees are about the same.

Deposited Item Return
Michigan $15 (73 inst.) · District $10 (239 inst.)
+$5
Wire Transfer (Domestic In)
Michigan $5 (58 inst.) · District $10 (266 inst.)
−$5
Debit Card Replacement
Michigan $7.75 (102 inst.) · District $10 (391 inst.)
−$2.25
Cashier's Check
Michigan $3 (101 inst.) · District $5 (361 inst.)
−$2
OD Protection Transfer
Michigan $3 (56 inst.) · District $5 (206 inst.)
−$2

Michigan median against the Chicago district median, by fee
Fee	Michigan	District	Gap
Deposited Item Return	$1573 inst.	$10239 inst.	+$5
Wire Transfer (Domestic In)	$558 inst.	$10266 inst.	−$5
Debit Card Replacement	$7.75102 inst.	$10391 inst.	−$2.25
Cashier's Check	$3101 inst.	$5361 inst.	−$2
OD Protection Transfer	$356 inst.	$5206 inst.	−$2

What the Fed sees in the district

“Economic activity in the Seventh District was flat on balance in late August and September, and contacts expected a slight pace of increase in the coming year.”

Beige Book, Chicago district, October 2026 Hamilton sets it beside an institution's own fees

Open the Chicago district report

Source: Both medians count institutions by headquarters; the district takes in Michigan and the rest of the Federal Reserve's Chicago district. Medians from each institution's own published schedule, one value per institution; a median needs at least 5. A gap under 1% reads as about the same. Federal Reserve Beige Book, Chicago district.

Michigan versus the U.S.

1 of 14 Michigan medians sit above the U.S. median. Michigan medians count institutions headquartered in Michigan; U.S. medians count every institution in the index.

Overdraft (OD)

$29

Median of 109 Michigan institutions. U.S. $30.

Michigan institutionsNational middle range

Explore 33 additional Michigan fee categories in Hamilton.

Method: Findings rank only fees with at least 10 Michigan 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.

National context

Michigan unemployment was 5.0% in September 2026, against 4.2% for the U.S.

Michigan

Unemployment rate, against the U.S.

MichiganU.S.

Sep 2021 to Sep 2026

Median household income in Michigan: $73K (2024).

United States

Bank services prices, change over 12 months

Sep 2021 to Sep 2026

+1.0% in the 12 months to Sep 2026, nationally.

Source: BLS unemployment and the BLS CPI for checking accounts and other bank services; Census ACS 2024 median household income. The CPI is national; it has no state figure.

Where does your institution sit?

Hamilton, the Fee Insight workspace, sets an institution's own fees beside institutions its size in Michigan.

See Hamilton plans Or ask for a demo

From 144 Michigan banks and credit unions' own published fee schedules, one value per institution; a median needs at least 5 institutions. Data as of Nov 4, 2026. Methodology

Fee

Banks

Credit unions

Difference

Overdraft (OD)

$34

$29

NSF / Returned Item

$27.50

$29

$1.50

Monthly Maintenance

$5.50

$5.98

$0.48

Non-Network ATM

$1.50

$0.50

Wire Transfer (Domestic Out)

$25

Same

Wire Transfer (Int'l Out)

$50

$45

Stop Payment

$32

$25

Cashier's Check

Debit Card Replacement

$7.49

$1.51

Deposited Item Return

$7.50

$15

$7.50

Wire Transfer (Domestic In)

$15

$10

OD Protection Transfer

Paper Statement

$2.50

$0.50

Fee

Michigan

District

Lower in Michigan Higher in Michigan

Gap

Deposited Item Return

$1573 inst.

$10239 inst.

+$5

Wire Transfer (Domestic In)

$558 inst.

$10266 inst.

−$5

Debit Card Replacement

$7.75102 inst.

$10391 inst.

−$2.25

Cashier's Check

$3101 inst.

$5361 inst.

−$2

OD Protection Transfer

$356 inst.

$5206 inst.

−$2