Bill > A03304

This bill prohibits banks and automated teller machine (ATM) operators from charging fees for benefit banking services related to electronic benefit transfer cards, which are state-issued cards used for various social assistance programs. The bill defines "electronic benefit transfer cards" broadly to include medical assistance cards, food stamp cards, public assistance cards, unemployment insurance cards, adoption subsidy cards, and child support payment cards issued by the state or local social services districts. "Benefit banking services" are defined comprehensively as any banking-related services connected to these cards, such as deposits, disbursements, reconciliation, reporting, and electronic cash management. The bill applies to all banks, credit unions, and financial institutions subject to New York banking laws, and it will take effect immediately, applying to any contracts for benefit banking services entered into on or after the effective date, even if those contracts currently have different terms. The primary purpose of this legislation is to ensure that individuals receiving public assistance can access their benefits without being charged additional fees by financial institutions.

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https://www.nysenate.gov/legislation/bills/2025/A3304