An Act relative to inactive bank account fees

This bill amends Massachusetts law to explicitly include fees for inactive bank accounts as a permissible charge for financial institutions. It directly affects banks and their customers by clarifying that charging customers for maintaining dormant accounts is legally allowed under existing statutes. The text adds a specific provision to the state's banking code, ensuring that such fees are recognized alongside other standard deposit-related charges. No new penalties or restrictions are introduced; the change simply updates the legal definition to cover this specific type of fee.