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Who cares
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Sponsors
1 Co-sponsor
History
- Referred to banks
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the banking law, in relation to voluntary limits on ATM withdrawals
Purpose
This bill would allow and account holder at a state chartered Bank or Credit union to if they choose set a voluntary limit of $100 per day via their ATM cards
Summary of specific provisions
Section 1: Legislative naming.
Section 2: Bill Language Section
3: Effective Date
Existing law
No current law dealing with voluntary limits on ATM withdrawals.
Justification
This bill allows a consumer if they choose to set a voluntary limit on their ability to withdraw money from an ATM machine to $100 per day. This bill could protect consumer who want to limit the amount of cash that can be taken out should they lose their card or in the case of seniors share their account information to their caregivers.
Legislative history
New Legislation
Fiscal implications
None to the State
Local fiscal implications
None
Effective date
This act shall take effect on the one hundred eightieth day after it shall become law; provided, however that effective immediately, the addition , amendment, and/or repeal of any rule or regulation necessary for the implementation of this act on its effective date is authorized to be made and completed on or before such effective date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.