U.S. households paid $144.6 billion in financial service charges and fees in 2025, according to the Bureau of Economic Analysis. That was up 7.0% from $135.1 billion in 2024 and 26% from $115.1 billion in 2019. These are fees on bank deposit accounts and credit cards, ATM fees, consumer loan fees, money order and money transfer fees, and similar charges.
Other explicit financial fees were larger. Households paid $326.6 billion for portfolio management and investment advice in 2025, up from $189.1 billion in 2019, plus $37.8 billion in securities commissions, $21.9 billion for trust and custody services and $10.5 billion in mutual fund sales charges. All explicit financial service charges, fees and commissions came to $530.9 billion.
What the figures measure
BEA estimates these amounts as part of personal consumption expenditures, its measure of consumer spending. Figures are in millions of current dollars, not adjusted for inflation.
According to BEA’s methodology, “financial service charges and fees” consists of commercial bank service charges on deposit accounts, bank and nonbank fees on credit card accounts, and other charges and fees. The other charges include bank ATM and electronic transaction fees, consumer loan fees and safe deposit box fees, charges and fees at savings institutions and credit unions, and postal money order and money transfer fees. It does not include interest paid on loans or credit cards.
BEA also estimates financial services “furnished without payment,” $576.1 billion in 2025. This is the value of services such as free checking that banks provide in return for paying depositors less interest than they could earn elsewhere. Households do not pay it as a fee, so it is not in the table, but it is in the CSV.
These figures are estimates built from bank regulatory reports, Census Bureau surveys and other sources, and BEA revises them. They do not separate out overdraft fees. For what banks themselves report in overdraft and account fee income, see our page on bank overdraft fee revenue.
By year
| Year | Financial service charges and fees ($M) | Securities commissions ($M) | Mutual fund sales charges ($M) | Portfolio management and investment advice ($M) | Trust, fiduciary and custody services ($M) | All explicit financial service charges, fees and commissions ($M) |
|---|---|---|---|---|---|---|
| 2025 | 144,637 | 37,792 | 10,526 | 326,603 | 21,877 | 530,908 |
| 2024 | 135,120 | 34,471 | 9,947 | 284,474 | 20,194 | 474,258 |
| 2023 | 131,193 | 31,437 | 9,202 | 247,597 | 18,706 | 428,932 |
| 2022 | 129,231 | 33,283 | 9,557 | 233,263 | 18,722 | 414,499 |
| 2021 | 128,329 | 35,301 | 10,931 | 237,578 | 19,397 | 420,605 |
| 2020 | 117,568 | 31,753 | 9,525 | 203,297 | 17,639 | 370,256 |
| 2019 | 115,118 | 31,065 | 9,894 | 189,127 | 16,912 | 352,222 |
| 2018 | 108,831 | 32,263 | 10,010 | 183,179 | 17,306 | 341,580 |
| 2017 | 108,353 | 31,073 | 9,407 | 177,537 | 16,616 | 333,579 |
| 2016 | 100,920 | 30,570 | 9,418 | 176,527 | 15,158 | 323,175 |
| 2015 | 99,451 | 32,299 | 10,158 | 176,200 | 14,542 | 322,492 |
| 2014 | 97,245 | 33,667 | 10,489 | 177,733 | 13,950 | 322,595 |
| 2013 | 94,999 | 32,598 | 9,974 | 172,555 | 13,110 | 313,261 |
| 2012 | 92,139 | 31,727 | 9,222 | 162,007 | 12,234 | 298,107 |
| 2011 | 88,870 | 35,312 | 8,730 | 137,440 | 11,426 | 273,048 |
| 2010 | 88,618 | 35,292 | 8,343 | 118,879 | 10,211 | 253,000 |
| 2009 | 92,741 | 35,516 | 7,300 | 110,213 | 9,282 | 247,752 |
| 2008 | 93,298 | 40,739 | 9,370 | 113,595 | 10,186 | 257,818 |
| 2007 | 94,580 | 40,974 | 11,539 | 98,773 | 9,443 | 243,770 |
Millions of current dollars, annual. 2007 to 2025 shown; the CSV goes back to 1987. The “all explicit” column includes the other columns plus smaller items such as other commissions.
Source
U.S. Bureau of Economic Analysis, National Income and Product Accounts, Table 2.4.5U, Personal Consumption Expenditures by Type of Product, lines 254 to 269 (last revised September 30, 2026), retrieved from the BEA API on October 25, 2026; and the BEA NIPA Handbook, Chapter 5. U.S. government data. Our table is available under CC BY 4.0. Credit "My Credit Guide (mycreditguide.org)".
Steven Reynolds, "What Households Pay in Bank and Financial Service Fees," My Credit Guide, October 25, 2026, https://mycreditguide.org/data/household-financial-service-fees/.