Minneapolis Fed · District 9

Bank fees in Minnesota

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

The NSF median is $1.50 below the national median; overdraft is about the same.

institutions with published feesof 302 headquartered in Minnesota: 110
medians fall within the national middle 50%: 14 of 14

Data refreshed Nov 2, 2026

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Local fee benchmarks

Minneapolis's debit card replacement median is $5; Minnesota's is $10.

Debit Card Replacement median by market, institutions with a branch thereMinnesota $10, 81 institutions

Minnesota's 8 largest markets by institutions with a branch there; marker size follows that count. Every Minnesota 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

Minneapolis
8 institutions
$5
Minnesota
81 institutions
$10
Minneapolis Fed district
168 institutions
$10
U.S.
2,744 institutions
$10

Who each median counts

Minneapolis: With a branch in Minneapolis, wherever headquartered
Minnesota: Headquartered in Minnesota
Minneapolis Fed district: Headquartered in the Minneapolis Fed district
U.S.: Every institution in the index

Minneapolis

Fee data available for 21 of 42 institutions

Compare Minneapolis 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.

Minnesota's banks and credit unions

110 of the 302 institutions headquartered in Minnesota have published fees here, and 110 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

Banks have lower medians on 6 of 13 fees, among institutions headquartered in Minnesota.

lower at banks: 6
lower at credit unions: 2
about the same: 5

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

Lower at banks

Lower at credit unions

About the same

Fee

NSF / Returned Item

Banks $1.50 lower in Minnesota.

$27

Banks

median of 32

$28.50

Credit unions

median of 44

Two fees with lower credit union medians

Wire Transfer (Domestic In)

$15

Banks

median of 25

$10

Credit unions

median of 26

Minimum Balance

$7.50

Banks

median of 7

Credit unions

median of 7

Every fee, banks against credit unions

Bank and credit union medians in Minnesota; the lower median is shaded.
Fee	Banks	Credit unions	Difference
Overdraft (OD)	$30	$30	Same
NSF / Returned Item	$27	$28.50	$1.50
Monthly Maintenance	$6.38	$7.25	$0.87
Non-Network ATM	$1.50	$2	$0.50
Wire Transfer (Domestic Out)	$25	$25	Same
Wire Transfer (Int'l Out)	$50	$50	Same
Stop Payment	$25	$29	$4
Cashier's Check	$5	$5	Same
Debit Card Replacement	$10	$10	Same
Deposited Item Return	$4	$15	$11
Wire Transfer (Domestic In)	$15	$10	$5
Paper Statement	$3.95	$4	$0.05
Minimum Balance	$7.50	$5	$2.50

Fee medians by peer group

Institutions under $300M in assets in Minnesota

Monthly Maintenance runs $0.88 below the Minnesota median.

Overdraft (OD)
Group median:
$30
of 40 institutions publishing
State median:
$30
of 68 institutions publishing
Difference: Within 1%
NSF / Returned Item
Group median:
$29
of 48 institutions publishing
State median:
$28.50
of 76 institutions publishing
Difference: $0.50 above
Monthly Maintenance
Group median:
$6
of 21 institutions publishing
State median:
$6.88
of 42 institutions publishing
Difference: $0.88 below
Non-Network ATM
Group median:
$1.83
of 22 institutions publishing
State median:
$1.75
of 33 institutions publishing
Difference: $0.08 above
Wire Transfer (Domestic Out)
Group median:
$25
of 50 institutions publishing
State median:
$25
of 79 institutions publishing
Difference: Within 1%

Difference: the group median against the Minnesota 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:
$50
of 36 institutions publishing
State median:
$50
of 59 institutions publishing
Difference: Within 1%
Stop Payment
Group median:
$26
of 60 institutions publishing
State median:
$25
of 93 institutions publishing
Difference: $1 above
Cashier's Check
Group median:
$5
of 46 institutions publishing
State median:
$5
of 72 institutions publishing
Difference: Within 1%
Debit Card Replacement
Group median:
$10
of 49 institutions publishing
State median:
$10
of 81 institutions publishing
Difference: Within 1%
Deposited Item Return
Group median:
$10
of 34 institutions publishing
State median:
$10
of 54 institutions publishing
Difference: Within 1%
Wire Transfer (Domestic In)
Group median:
$10
of 29 institutions publishing
State median:
$10
of 51 institutions publishing
Difference: Within 1%
Paper Statement
Group median:
$3
of 18 institutions publishing
State median:
$3.98
of 32 institutions publishing
Difference: $0.98 below
Minimum Balance
Group median:
Too few to compare
of 7 institutions publishing
State median:
$6.25
of 14 institutions publishing
Difference: Not compared
OD Protection Transfer
Group median:
$3
of 8 institutions publishing
State median:
$3
of 13 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 Minnesota median counts every institution headquartered in the state that publishes the fee.

Source: Institutions headquartered in Minnesota 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 2, 2026.

Who serves Minnesota

The five largest banks hold 59% of bank deposits in Minnesota. 302 banks and credit unions are headquartered here; 1,581 bank branches and 438 credit union branches serve the state, wherever headquartered.

U.S. Bank National Association33.3% · $106.5B across 105 branches
Wells Fargo Bank, National Association18.1% · $57.8B across 123 branches
Old National Bank3.7% · $11.8B across 77 branches
The Huntington National Bank2.2% · $6.9B across 61 branches
Bell Bank2.1% · $6.7B across 17 branches
Every other bank40.6% · $129.9B

68% of the 222 banks hold $100M to $1B in assets

FDIC asset-size groups

39% of the 80 credit unions hold $100M to $500M in assets

NCUA asset-size groups

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

Fee income

Minnesota bank service charges rose 6.7% 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

$17.7MQ2 2026

+6.7% from Q2 2025

Credit unions: all fee income

$31.2MQ2 2026

−12.5% 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

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

Minnesota versus the Minneapolis district

Higher in Minnesota: minimum balance +⁠$1.25, paper statement +⁠$0.98, monthly maintenance +⁠$0.25. Lower in Minnesota: OD protection transfer −⁠$2, NSF / returned item −⁠$1.50. The other 9 fees are about the same.

OD Protection Transfer
Minnesota $3 (13 inst.) · District $5 (42 inst.)
−$2
NSF / Returned Item
Minnesota $28.50 (76 inst.) · District $30 (159 inst.)
−$1.50
Minimum Balance
Minnesota $6.25 (14 inst.) · District $5 (32 inst.)
+$1.25
Paper Statement
Minnesota $3.98 (32 inst.) · District $3 (71 inst.)
+$0.98
Monthly Maintenance
Minnesota $6.88 (42 inst.) · District $6.63 (98 inst.)
+$0.25

Minnesota median against the Minneapolis district median, by fee
Fee	Minnesota	District	Gap
OD Protection Transfer	$313 inst.	$542 inst.	−$2
NSF / Returned Item	$28.5076 inst.	$30159 inst.	−$1.50
Minimum Balance	$6.2514 inst.	$532 inst.	+$1.25
Paper Statement	$3.9832 inst.	$371 inst.	+$0.98
Monthly Maintenance	$6.8842 inst.	$6.6398 inst.	+$0.25

What the Fed sees in the district

“Economic activity in the Ninth District increased slightly since the previous report.”

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

Open the Minneapolis district report

Source: Both medians count institutions by headquarters; the district takes in Minnesota and the rest of the Federal Reserve's Minneapolis 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, Minneapolis district.

Minnesota versus the U.S.

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

Overdraft (OD)

$30

Median of 68 Minnesota institutions. U.S. $30.

Minnesota institutionsNational middle range

Explore 29 additional Minnesota fee categories in Hamilton.

Method: Findings rank only fees with at least 10 Minnesota 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

Minnesota unemployment was 4.5% in September 2026, against 4.2% for the U.S.

Minnesota

Unemployment rate, against the U.S.

MinnesotaU.S.

Sep 2021 to Sep 2026

Median household income in Minnesota: $89K (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.

More Minnesota data: fee complaints to the CFPB

Fee complaints to the CFPB, 2025

Per $1 billion of deposits.

U.S.1.1

1 Minnesota institutions are matched to CFPB records, under the 10 a rate needs.

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 an institution's own fees beside institutions its size in Minnesota.

See Hamilton plans Or ask for a demo

From 110 Minnesota 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. Methodology

Fee

Banks

Credit unions

Difference

Overdraft (OD)

$30

Same

NSF / Returned Item

$27

$28.50

$1.50

Monthly Maintenance

$6.38

$7.25

$0.87

Non-Network ATM

$1.50

$0.50

Wire Transfer (Domestic Out)

$25

Same

Wire Transfer (Int'l Out)

$50

Same

Stop Payment

$25

$29

Cashier's Check

Same

Debit Card Replacement

$10

Same

Deposited Item Return

$15

$11

Wire Transfer (Domestic In)

$15

$10

Paper Statement

$3.95

$0.05

Minimum Balance

$7.50

$2.50

Fee

Minnesota

District

Lower in Minnesota Higher in Minnesota

Gap

OD Protection Transfer

$313 inst.

$542 inst.

−$2

NSF / Returned Item

$28.5076 inst.

$30159 inst.

−$1.50

Minimum Balance

$6.2514 inst.

$532 inst.

+$1.25

Paper Statement

$3.9832 inst.

$371 inst.

+$0.98

Monthly Maintenance

$6.8842 inst.

$6.6398 inst.

+$0.25