NY A10670

Adds new section 9-y to the banking law prohibiting banks from imposing any fees for benefit banking services related to electronic benefit transfer cards.

Defines "benefit banking services" as services including deposit, disbursement via electronic fund transfer or checks, reconciliation, reporting, and electronic cash management for benefit programs.

Applies to electronic benefit transfer cards issued by the state for medical assistance, food stamps, public assistance, unemployment insurance, occupational training, adoption subsidy, and child support programs.

Prohibits automated teller machine operators and owners from charging fees for benefit banking services related to electronic benefit transfer card use.

Takes effect immediately and applies to all current and future state contracts for benefit banking services, regardless of existing contract terms.