New York Assembly Bill 11264: Relates to requiring the availability of no-fee basic banking accounts for consumers

New York · 2025-2026 session

Status: In committee

What it does

Provides that every banking institution operating in the state of New York shall offer at least one no-fee basic banking account that charges no monthly maintenance or service fees, requires no minimum balance, charges no fees based on account inactivity, and provides certain essential services including deposits and withdrawals, debit card access, and electronic payments and transfers.

Latest action

REFERRED TO BANKS (2026-05-04)

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