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S 5669

Prohibits imposition of surcharges at automated teller machines on public university property

2025 Regular Session Introduced by James Sanders

Prohibits banks from charging surcharges at ATMs on public university property, boosting campus cash access for students, staff, and visitors.

REFERRED TO BANKS
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WeVote Research Nonpartisan
Bill Summary · S 5669

Summary: S 5669 – Prohibits imposition of surcharges at automated teller machines on public university property

Overview

S 5669 is a proposed New York State bill introduced on February 27, 2025, with the stated purpose of prohibiting the imposition of surcharges at automated teller machines (ATMs) located on public university property. The primary sponsor is James Sanders Jr. The bill has been referred to the Senate Banks Committee.

Sponsor

  • Primary: James Sanders Jr.

Status

  • Referred to Banks (Senate). The legislative actions listing shows two identical entries on 2025-02-27, both indicating referral to the Banks committee. No further action is provided in the available summary.

Key Provisions (as described)

  • Prohibition on surcharges: The bill would prevent financial institutions from imposing any surcharge on transactions conducted at ATMs situated on property owned or controlled by a public university.
  • Scope: Applies specifically to ATMs on public university property. The summary does not provide details on definitions (e.g., what constitutes “public university property”) or the range of transactions covered (withdrawals, balance inquiries, transfers, etc.).
  • Enforcement and penalties: The summary does not specify enforcement mechanisms, penalties, or remedies if a surcharge is imposed.

Note: The text of the bill would contain precise definitions, scope, enforcement provisions, and any exceptions. The current summary provides the core objective but not the granular legal language.

Who Would Be Affected

  • Public universities and their property managers (as the locations of the ATMs).
  • Financial institutions that operate ATMs on public university campuses.
  • Campus users (students, staff, visitors) who would benefit from surcharge-free access to campus ATMs.

Procedural and Timeline Aspects

  • Introduced: February 27, 2025.
  • Current action: Referred to Banks (as of the provided information). No subsequent actions are listed.

Related Legislation

  • Related bills from prior sessions (indicating ongoing interest in prohibiting campus ATM surcharges):
    • A 3318
    • S 7551
    • S 3243
    • S 5008
    • A 3275
    • A 461
    • A 3739
    • A 2147
    • A 1348

Potential Impact

  • Consumer access: Likely to improve on-campus access to cash by eliminating surcharges at campus ATMs.
  • Financial institutions: Could reduce surcharged revenue from campus ATMs and may affect how campuses negotiate ATM services.
  • Public universities: Generally, the policy would align campus ATM practices with a consumer-friendly standard, potentially simplifying on-site ATM policies.

Next Steps for Interested Parties

  • Monitor for further actions by the Senate Banks Committee (e.g., committee hearings, amendments, floor votes).
  • Review the full bill text for precise definitions, exemptions, enforcement mechanisms, and any fiscal impact statements.

Compiled from official sources — confirm details with the bill’s official record.

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