NY A03745

Prohibits New York State and political subdivisions from depositing funds with banking institutions that charge fees two percent or more above fair and reasonable processing fees established by the Banking Board, or that charge fees for basic teller services in violation of Board regulations.

Requires the Department of Financial Services and Banking Board to develop regulations mandating that banks providing automated teller machines (ATMs) offer such service to both depositors and non-depositors.

Establishes that banks may only charge fees for basic teller services through discount plans that provide at least four free basic teller service transactions per periodic cycle.

Directs the Banking Board to develop a schedule of fair and reasonable rates for banking transactions including ATM withdrawals, overdraft processing, checking account maintenance, check printing, and account transfers.

Amends banking law to require banks to provide minimal checking account services without requiring a minimum balance.