October 3rd, 2013
10:16 AM ET

Bank Fees Hit Record Highs

ATM fees are at all-time high and overdraft fees increase for a fifteenth straight year, CNN Business Correspondent Christine Romans reports.

Romans has the following suggestions to combat these record fees. She says do direct deposit as sometimes you can get free checking, make sure your ATM is in your bank's network, check out credit unions, link your checking and savings accounts and turn off overdraft protection.

Here's a look at the highest and lowest average ATM fees across the country:

Highest Average ATM Fees*

1. Denver ($4.70)
2. Milwaukee ($4.59)
3. Atlanta ($4.45)
4. Phoenix ($4.44)
5. Houston ($4.38)

*Reflects both ATM fees combined (those charged by the ATM operator and those charged by the consumer's own financial institution)

Lowest Average ATM Fees*

1. Baltimore ($3.59)
2. Los Angeles ($3.70)
3. Boston ($3.72)
4. Pittsburgh ($3.76)
5. Philadelphia ($3.90)

*Reflects both ATM fees combined (those charged by the ATM operator and those charged by the consumer's own financial institution)

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