According to a source, the financial institutions that typically have the highest fees are **check cashing and payday loan companies**. This is because the process of check cashing and payday loan requires individuals to pay certain fees or interests. Cash checking often requires a customer to pay certain fees at the cash checking point before processing his money. These fees are higher than other financial institutions' fees like Internet banks, Credit unions, Brick-and-mortar banks, etc.
For example, based on the fees outlined above, we can rank the top five financial institutions from highest to lowest in terms of fees. The rankings are as follows: **Wells Fargo**, **JPMorgan Chase**, **Bank of America**, **Citibank**, and **U.S. Bank**. Wells Fargo has the highest fees, followed by JPMorgan Chase, Bank of America, Citibank, and U.S. Bank.
