Minneapolis Fed · District 9

Bank fees in South Dakota

Name: South Dakota Bank and Credit Union Fees Compared
Creator: Fee Insight

Overdraft and NSF medians are about the same as the national median. The deposited item return median is $7.50 below the national median.

institutions with published feesof 89 headquartered in South Dakota: 34
medians fall within the national middle 50%: 12 of 13

Data refreshed Nov 3, 2026

Get the free South Dakota report

Local fee benchmarks

Sioux Falls's non-network ATM median is $2.50; South Dakota's is $1.75.

Non-Network ATM median by market, institutions with a branch thereSouth Dakota $1.75, 16 institutions

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

Sioux Falls
8 institutions
$2.50
South Dakota
16 institutions
$1.75
Minneapolis Fed district
73 institutions
$1.75
U.S.
1,648 institutions
$1.50

Who each median counts

Sioux Falls: With a branch in Sioux Falls, wherever headquartered
South Dakota: Headquartered in South Dakota
Minneapolis Fed district: Headquartered in the Minneapolis Fed district
U.S.: Every institution in the index

Sioux Falls

Fee data available for 22 of 38 institutions

Compare Sioux Falls 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.

South Dakota's banks and credit unions

34 of the 89 institutions headquartered in South Dakota have published fees here, and 34 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 10 fees, among institutions headquartered in South Dakota.

lower at credit unions: 7
lower at banks: 1
about the same: 2

10 fees with both a bank and a credit union median in South Dakota.

Lower at credit unions

Lower at banks

About the same

Fee

Overdraft (OD)

Credit unions $1.49 lower in South Dakota.

$31.49

Banks

median of 10

$30

Credit unions

median of 14

One fee with a lower bank median

Deposited Item Return

Banks

median of 7

$12.98

Credit unions

median of 6

Every fee, banks against credit unions

Bank and credit union medians in South Dakota; the lower median is shaded.
Fee	Banks	Credit unions	Difference
Overdraft (OD)	$31.49	$30	$1.49
NSF / Returned Item	$30	$29	$1
Monthly Maintenance	$10	$6.25	$3.75
Non-Network ATM	$2	$1.50	$0.50
Wire Transfer (Domestic Out)	$25	$25	Same
Stop Payment	$30	$27.50	$2.50
Cashier's Check	$5	$4	$1
Debit Card Replacement	$10	$10	Same
Wire Transfer (Domestic In)	$15	$4	$11
Deposited Item Return	$5	$12.98	$7.98

Fee medians by peer group

Institutions under $300M in assets in South Dakota

Non-Network ATM runs $0.25 below the South Dakota median.

Overdraft (OD)
Group median:
$30
of 15 institutions publishing
State median:
$30
of 24 institutions publishing
Difference: Within 1%
NSF / Returned Item
Group median:
$30
of 12 institutions publishing
State median:
$30
of 20 institutions publishing
Difference: Within 1%
Monthly Maintenance
Group median:
Too few to compare
of 6 institutions publishing
State median:
$7.50
of 16 institutions publishing
Difference: Not compared
Non-Network ATM
Group median:
$1.50
of 11 institutions publishing
State median:
$1.75
of 16 institutions publishing
Difference: $0.25 below
Wire Transfer (Domestic Out)
Group median:
$25
of 12 institutions publishing
State median:
$25
of 21 institutions publishing
Difference: Within 1%

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

Show all 13

Wire Transfer (Int'l Out)
Group median:
Too few to compare
of 3 institutions publishing
State median:
$50
of 12 institutions publishing
Difference: Not compared
Stop Payment
Group median:
$30
of 19 institutions publishing
State median:
$29.50
of 30 institutions publishing
Difference: $0.50 above
Cashier's Check
Group median:
$4
of 13 institutions publishing
State median:
$5
of 22 institutions publishing
Difference: $1 below
Debit Card Replacement
Group median:
$10
of 16 institutions publishing
State median:
$10
of 22 institutions publishing
Difference: Within 1%
Wire Transfer (Domestic In)
Group median:
$4
of 8 institutions publishing
State median:
$10
of 15 institutions publishing
Difference: $6 below
Deposited Item Return
Group median:
Too few to compare
of 7 institutions publishing
State median:
$7.50
of 13 institutions publishing
Difference: Not compared
Paper Statement
Group median:
Too few to compare
of 5 institutions publishing
State median:
$3
of 9 institutions publishing
Difference: Not compared
OD Protection Transfer
Group median:
Too few to compare
of 5 institutions publishing
State median:
$5
of 7 institutions publishing
Difference: Not compared

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 South Dakota median counts every institution headquartered in the state that publishes the fee.

Source: Institutions headquartered in South Dakota 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 3, 2026.

Who serves South Dakota

The five largest banks hold 41% of bank deposits in South Dakota. 89 banks and credit unions are headquartered here; 432 bank branches and 111 credit union branches serve the state, wherever headquartered.

Wells Fargo Bank, National Association40.3% · $464.8B across 30 branches
First Interstate Bank0.3% · $3.4B across 46 branches
First Bank & Trust0.3% · $3.3B across 15 branches
First Dakota National Bank0.3% · $3.0B across 17 branches
First PREMIER Bank0.3% · $2.9B across 13 branches
Every other bank58.7% · $677.0B

43% of the 56 banks hold $100M to $1B in assets

FDIC asset-size groups

55% of the 33 credit unions hold $10M to $100M in assets

NCUA asset-size groups

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

Fee income

South Dakota bank service charges rose 7.7% 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

$1.6BQ2 2026

+7.7% from Q2 2025

Credit unions: all fee income

$11.1MQ2 2026

+12.7% 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 South Dakota fee report

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

South Dakota versus the Minneapolis district

Higher in South Dakota: stop payment +⁠$4.50, monthly maintenance +⁠$0.75. Lower in South Dakota: deposited item return −⁠$2.50. The other 10 fees are about the same.

Stop Payment
South Dakota $29.50 (30 inst.) · District $25 (205 inst.)
+$4.50
Deposited Item Return
South Dakota $7.50 (13 inst.) · District $10 (111 inst.)
−$2.50
Monthly Maintenance
South Dakota $7.50 (16 inst.) · District $6.75 (99 inst.)
+$0.75
Overdraft (OD)
South Dakota $30 (24 inst.) · District $30 (152 inst.)
Same
NSF / Returned Item
South Dakota $30 (20 inst.) · District $30 (159 inst.)
Same

South Dakota median against the Minneapolis district median, by fee
Fee	South Dakota	District	Gap
Stop Payment	$29.5030 inst.	$25205 inst.	+$4.50
Deposited Item Return	$7.5013 inst.	$10111 inst.	−$2.50
Monthly Maintenance	$7.5016 inst.	$6.7599 inst.	+$0.75
Overdraft (OD)	$3024 inst.	$30152 inst.	Same
NSF / Returned Item	$3020 inst.	$30159 inst.	Same

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 South Dakota 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.

South Dakota versus the U.S.

3 of 13 South Dakota medians sit above the U.S. median. South Dakota medians count institutions headquartered in South Dakota; U.S. medians count every institution in the index.

Overdraft (OD)

$30

Median of 24 South Dakota institutions. U.S. $30.

South Dakota institutionsNational middle range

Explore 21 additional South Dakota fee categories in Hamilton.

Method: Findings rank only fees with at least 10 South Dakota 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

South Dakota unemployment was 2.0% in September 2026, against 4.2% for the U.S.

South Dakota

Unemployment rate, against the U.S.

South DakotaU.S.

Sep 2021 to Sep 2026

Median household income in South Dakota: $75K (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 South Dakota data: fee complaints to the CFPB

Fee complaints to the CFPB, 2025

Per $1 billion of deposits.

U.S.1.1

2 South Dakota 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 South Dakota.

See Hamilton plans Or ask for a demo

From 34 South Dakota banks and credit unions' own published fee schedules, one value per institution; a median needs at least 5 institutions. Data as of Nov 3, 2026. Methodology

Bank fees in South Dakota

Overdraft and NSF medians are about the same as the national median. The deposited item return median is $7.50 below the national median.

institutions with published feesof 89 headquartered in South Dakota

medians fall within the national middle 50%

12 of 13

Data refreshed Nov 3, 2026

Fee

Banks

Credit unions

Difference

Overdraft (OD)

$31.49

$30

$1.49

NSF / Returned Item

$30

$29

Monthly Maintenance

$10

$6.25

$3.75

Non-Network ATM

$1.50

$0.50

Wire Transfer (Domestic Out)

$25

Same

Stop Payment

$30

$27.50

$2.50

Cashier's Check

Debit Card Replacement

$10

Same

Wire Transfer (Domestic In)

$15

$11

Deposited Item Return

$12.98

$7.98

Fee

South Dakota

District

Lower in South Dakota Higher in South Dakota

Gap

Stop Payment

$29.5030 inst.

$25205 inst.

+$4.50

Deposited Item Return

$7.5013 inst.

$10111 inst.

−$2.50

Monthly Maintenance

$7.5016 inst.

$6.7599 inst.

+$0.75

Overdraft (OD)

$3024 inst.

$30152 inst.

Same

NSF / Returned Item

$3020 inst.

$30159 inst.

Same