Basic Checking Account requirement?

Posted By: ACBbank

Basic Checking Account requirement? - 06/28/11 08:23 PM

Does NYS law require a bank to provide a "basic checking account?" I have been trying to find some information on this and internet searches have produced zero so far.
Posted By: William J. Ludwig

Re: Basic Checking Account requirement? - 06/29/11 11:41 AM

Yes. http://www.banking.state.ny.us/brbba.htm
Posted By: ACBbank

Re: Basic Checking Account requirement? - 06/29/11 03:25 PM

Thanks for the link William. I'm assuming that OCC regulated banks must comply with this law as well?