SECTION 1. Chapter 93 of the General Laws is hereby amended by inserting after section 40 A the following section:-
Section 40 B. Banks charging overdraft fees shall be limited 1 per day in an account. If the customer provides an email address or cell phone number, they shall notify the customer by text or email within 1 hour of any overdraft.
Banks shall provide customers with the option that the bank will not honor overdrafts and shall return such checks marked insufficient funds.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.