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NY A03073

Bill

Official Source

Status

Engrossed

5/30/2013

Primary Sponsor

Barbara Clark

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends Banking Law Section 14-f to increase monthly withdrawal transactions allowed at no charge from basic banking accounts
  • Account holders under 65 years old: limited to 8 withdrawal transactions per periodic cycle
  • Account holders 65 years or older: allowed 12 withdrawal transactions per periodic cycle
  • Withdrawal transactions include those conducted at electronic facilities with no additional charge to account holder
  • Takes effect 60 days after becoming law

Legislative Description

Increases the number of authorized withdrawal transactions at no charge from basic banking accounts for account holders sixty-five years of age or older from eight to twelve.

Last Action

REFERRED TO BANKS

1/23/2014

Committee Referrals

Banks5/30/2013
Banks1/23/2013

Full Bill Text

No bill text available