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Shopper's Market: Is this the end of free checking?

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    Analyzing the rise in bank fees

  • Duration 1:59
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Banks are ratcheting up fees on their most basic services penalizing customers just for bringing in their business.

The declined a free checking and the acceleration of bank -- Is attributable to regulatory changes that have left banks with big revenue gaps.

-- Bankrate survey shows the average monthly maintenance deeper in non interest checking account is now at a record high of five dollars and 48 cents that the job of up 25%.

From last year.

Overdraft fees are also at a record high the average is now 31 dollars and 26 cents.

And the cost to get cash from an out of network ATM is up dramatically.

Expect to pay an average fee of 252 the owner of the AT -- a new record.

Last your bank will charge you another a dollar 57 on average an increase of 11%.

As fees go up totally free checking is harder to find.

But banks say they are forced to increase your rates in order to financially comply with Washington regulation.

John Alzheimer is the consumer education president -- -- credit dot com.

He says the banks -- because that's not very easy to move your business from one bank to another.

Which is why they're choosing to -- to implement -- on those types of accounts because they realized.

-- they can still charge -- -- 799 among the most consumers are gonna say you know what I'll let looked -- Bankrate survey shows you can still get a free non interest checking account at most banks.

But it may require a minimum deposit or signing up for direct deposit of your paycheck or Social Security -- It's really matter -- your balance what eat what you want convenience -- location or do you want celery and that's which you after the sought as a consumer.

Look for credit unions community banks -- online -- that offer free checking with no requirements to qualify.

-- found that 72% of the largest credit unions still offer -- jacket.

In New York Brenda Buttner Fox News.

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