Assembly bill · A11264 (2025-26)
Relates to requiring the availability of no-fee basic banking accounts for consumers
New York State Assembly
Sponsor: Angelo Santabarbara (Assembly Member, District 111, Democratic)
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data
Summary
Provides that every banking institution operating in the state of New York shall offer at least one no-fee basic banking account that charges no monthly maintenance or service fees, requires no minimum balance, charges no fees based on account inactivity, and provides certain essential services including deposits and withdrawals, debit card access, and electronic payments and transfers.
Summary from NY Open Legislation. How we handle summaries
Amends the Banking Law.
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Banks · New York State Assembly
Also referred to Banks · New York State Senate.
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Full history
- May 4, 2026
Referred to committee
REFERRED TO BANKS
NY Assembly
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.