PA HB1553

Caps overdraft and nonsufficient funds fees at $15 or the actual cost of processing the transaction, whichever is lower, beginning January 1 following the effective date

Limits banks and credit unions to charging no more than three nonsufficient funds fees per account per calendar day

Requires same-day notification to customers/members when a fee is charged, including transaction date, type, overdraft amount, and time allowed to restore a positive balance

Prohibits charging nonsufficient funds fees when a transaction is declined and bars any additional charges beyond the overdraft or NSF fee

Mandates that banks and credit unions with websites conspicuously post all fees online; the act takes effect 180 days after enactment