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Home/Research/Michigan
State Fee Report

Michigan Bank & Credit Union Fees

Fee benchmarks for 246 financial institutions in Michigan, compared against national medians. Part of Federal Reserve District 7 (Chicago).

Institutions

246

With Fee Data

52

Banks

74

Credit Unions

172

Bank vs. Credit Union — Michigan

How fees compare between banks and credit unions in this state.

CharterInstitutionsFee Observations
Banks7420
Credit Unions17290

Fee Benchmarks — Michigan vs. National

15 fee categories with sufficient data. Green deltas indicate below-national fees; red indicates above.

Fee CategoryMichigan MedianNational MedianDeltaInstitutions
Debit Card Replacement$30.00$30.00-6
NSF / Returned Item$25.00$25.00-4
OD Protection Transfer$0.63$5.00-87.4%3

7 more fee categories for Michigan

7 more categories with peer filters, CSV exports, AI research, and full API access.

Based on 60,000+ fee observations from 8,000+ institutions
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Methodology

Data sourced from published fee schedules of FDIC-insured banks and NCUA-insured credit unions in Michigan. Medians computed from extracted fee amounts excluding rejected reviews. Delta shows percentage difference from the national median. Institutions with fewer than 3 observations per category are excluded from state-level reporting.

Paper Statement
$5.00
$3.00
+66.7%
3
Deposited Item Return$27.50$20.00+37.5%3
Monthly Maintenance$15.00$10.00+50.0%3
Wire Transfer (Domestic Out)$20.00$20.00-3
Stop Payment$21.00$25.00-16.0%3

Data as of Aug 12, 2026 · 13,317 observations