Many banks could be ending free checking

June 17, 2010 12:29:59 PM PDT
The free checking account many people have been enjoying may soon be ending.

According to the Wall Street Journal, Bank of America and other U.S. banks are getting ready to charge new fees on basic services after losing money to new banking regulations.

Customers can avoid the fees by maintaining certain account balances or frequently using bank services, such as credit and debit cards.