New York bill S05669 aims to prohibit banks from charging surcharge fees on automated teller machines located on state university or city university.
New York bill S05669 amends the banking law by adding a new section that prohibits banking institutions from imposing surcharge fees on automated teller machines located on property owned by the state university of New York or the city university of New York. This act defines a "banking institution" to include banks, trust companies, savings banks, savings and loan associations, licensed foreign banks, and credit unions. The prohibition on surcharge fees will take effect 90 days after the bill becomes law.
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