Assemblyman Angelo Santabarbara Introduces Bill to Protect College Students from ATM Surcharge Fees

Assemblyman Angelo Santabarbara has introduced a bill to prevent banks from imposing surcharge fees at automated teller machines (ATMs) located on state university or city university property.

The proposed legislation seeks to alleviate the financial burden on college students by prohibiting banking institutions from charging surcharge fees for the use of ATMs on SUNY and CUNY campuses.

"Students often open their first checking accounts when they enter college. Banks with ATMs on SUNY and CUNY campuses benefit from exclusive access to these potential customers," said Assemblyman Angelo Santabarbara. "By prohibiting surcharge fees at ATMs on university property, we can help alleviate financial stress on students already burdened with tuition, book, and living expenses."

The bill requires that all banking institutions using, owning, or leasing ATMs on state university or city university property refrain from imposing surcharge fees at these machines.

"Access to affordable banking services is crucial for students striving to manage their finances while pursuing higher education," Assemblyman Santabarbara emphasized. "This legislation ensures that students have access to fee-free ATMs on campus, easing their financial strain and promoting financial well-being."