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Checking Charges Highest at Credit Unions, Moebs Finds

The study data also suggests checking accounts still aren’t money-making endeavors.

Checking account fees stacking up for CU members.

Credit unions are earning more monthly service charge revenue per member checking account than banks and thrifts are, according to a new study from financial institutions analytics company Moebs Services.

Members pay $12.90 per month on average in service charges on checking accounts at credit unions, compared to $8.95 a month at banks and $3.52 per month at thrifts. The overall average was $9.06, according to Moebs Services. The data included account maintenance fees, minimum balance fees, overdrafts, ATM charges and other regular service fees; it did not include debit card swipe fees.

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