New York Banking Law

Sec. § 9-I
Close-out Fees Prohibited in Certain Cases

No banking institution, as that term is defined in section nine-f of this chapter, shall charge its customers a fee for the withdrawal of all funds from any account resulting in the closing of such account provided that such account was opened for a period of at least one hundred eighty consecutive days prior to its closing. * NB There are 2 § 9-i’s

Last accessed
Dec. 13, 2016