New York A06753 requires financial institutions to notify account holders of overdraft fees every 180 days.

New York A06753 amends the banking law to mandate that financial institutions provide written notifications to account holders every 180 days regarding fees charged due to account overdrafts. These notifications must include the dates and amounts of the fees, the total amount charged, information on the customer's ability to negotiate the fees, and contact information for a representative of the financial institution. The notification can be sent electronically if the account holder opts for this method. The act will take effect on January 1 of the year following its enactment.

New York A06753 requires financial institutions to notify account holders of overdraft fees every 180 days.

New York A06753 amends the banking law to mandate that financial institutions provide written notifications to account holders every 180 days regarding fees charged due to account overdrafts. These notifications must include the dates and amounts of the fees, the total amount charged, information on the customer's ability to negotiate the fees, and contact information for a representative of the financial institution. The notification can be sent electronically if the account holder opts for this method. The act will take effect on January 1 of the year following its enactment.